The dollar remained broadly lower against the other major currencies
on Thursday, despite upbeat U.S. jobless claims data as market sentiment
remained broadly supported.
The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 31 increased by 11,000 to 278,000 from the previous week’s revised total of 267,000.
Analysts had expected initial jobless claims to rise by 23,000 to 290,000 last week.
A separate report showed that the U.S. trade deficit widened to $46.56 billion in December from $39.75 billion in November, whose figure was revised from a previously estimated deficit of $39.00 billion. Analysts had expected the trade deficit to narrow to $38.00 billion in December.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.68% to 93.93.
EUR/USD climbed 0.83% to 1.1437, off session lows of 1.1304.
The euro came under pressure earlier, as the European Central Bank said it would no longer accept Greek bonds as collateral for lending, shifting the burden on to Greece’s central bank to provide additional liquidity for its lenders and increasing pressure on Athens.
Greece’s government is seeking debt relief on its current €240 billion bailout, which has fuelled fears over a clash with its creditors that could bring about its eventual exit from the euro zone.
Also Thursday, data showed that German factory orders rose 4.2% in December, exceeding expectations for a 1.5% gain, after a 2.4% fall in November.
The pound was also higher against the dollar, with GBP/USD up 0.78% to 1.5298.
Read more Click here / www.trade4x.net
The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 31 increased by 11,000 to 278,000 from the previous week’s revised total of 267,000.
Analysts had expected initial jobless claims to rise by 23,000 to 290,000 last week.
A separate report showed that the U.S. trade deficit widened to $46.56 billion in December from $39.75 billion in November, whose figure was revised from a previously estimated deficit of $39.00 billion. Analysts had expected the trade deficit to narrow to $38.00 billion in December.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.68% to 93.93.
EUR/USD climbed 0.83% to 1.1437, off session lows of 1.1304.
The euro came under pressure earlier, as the European Central Bank said it would no longer accept Greek bonds as collateral for lending, shifting the burden on to Greece’s central bank to provide additional liquidity for its lenders and increasing pressure on Athens.
Greece’s government is seeking debt relief on its current €240 billion bailout, which has fuelled fears over a clash with its creditors that could bring about its eventual exit from the euro zone.
Also Thursday, data showed that German factory orders rose 4.2% in December, exceeding expectations for a 1.5% gain, after a 2.4% fall in November.
The pound was also higher against the dollar, with GBP/USD up 0.78% to 1.5298.
Read more Click here / www.trade4x.net
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