EURUSD TRADING HIGHER AFTER THE SHARP DROP YESTERDAY EURUSD dropped yesterday and closed at 1.3611. A report released yesterday indicated that the Unemployment Claims in the largest economy in the world dropped by 2K to a reading of 312K during the last week. The positive sentiment for the USD was fuelled by the comments of the President of the United States Federal Reserve in Atlanta James Bullard. He expressed optimism on the growth of the US labor markets and opined that an interest rate hike might happen by the end of the first quarter of 2015. The Richmond Fed President Jeffrey Lacker hinted that the US central bank will start raising the interest rate even if the growth remains relatively subdued.