The US dollar was relatively soft against the euro and the Great Britain pound today after the report about unemployment claims. The currency was flat against the Japanese yen after opening sharply higher and also traded sideways versus the Swiss franc.
Initial jobless claims tumbled as much as 42,000 to 338,000 last week. The median analysts’ estimate was at 346,000. At the same time, continuing claims jumped by 46,000 to 2.92 million, reaching the highest level since August.
The mixed data left the dollar weaker against some currencies and flat versus other. There are not many reports scheduled before the year-end and trading is expected to be relatively quiet.
EUR/USD was up from 1.3678 to 1.3692 and GBP/USD rose from 1.6375 to 1.6418 as of 20:14 GMT today. USD/CHF traded near the opening level of 0.8962.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.
Dollar Weaker After Unemployment Claims Data
No comments:
Post a Comment