Breaking: EUR/USD surges above 1.10 amid dollar weakness

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EUR/USD has jumped over 1.10, trading at the highest levels since March 18. The world’s most popular currency pair is already up around 130 pips of 1.25% on the day. 

The US dollar is losing ground across the board amid horrible jobless claims numbers. Initial claims have leaped to 3.283 million, worse than at the peak of the financial crisis.

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