Forex – U.S. Dollar Falls After Jobless Claims Rise


© Reuters.

Investing.com – The greenback slipped on Thursday after the number of people who filed for unemployment rose more than expected last week.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.07% t0 97.790 as of 10:53 AM ET (14:53 GMT).

Data showed that the number of had its biggest increase in 19 months last week, even as the trend remains consistent with a strong labor market.

Other data showed that for U.S.-made capital goods increased to an eight-month high in March, but shipments dropped as business spending slowed.

The dollar was down against the safe-haven yen, with slipping 0.1% to 111.72 after the Bank of Japan said it would most likely not increase interest rates for at least another year.

Elsewhere, the euro barely recovered from earlier lows after disappointing business surveys from Germany and France. slipped 0.2% to 1.1146, a level not seen since May 2017. was up slightly at 1.2908, while was at 1.3486.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments

comments