Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER
Forex - U.S. Dollar Rises After Jobless Claims Data
© Reuters.
Investing.com - The U.S. dollar was higher on Thursday as jobless claims data remained in line with a strong economy, supporting a Federal Reserve rate increase.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.32% to 96.97 as of 10:40 AM ET (15:40 GMT).
The number of people who filed for unemployment assistance in the U.S. rose by 2,000 to a seasonally adjusted 216,000 from the previous week’s total of 214,000. The numbers give support to the Federal Reserve gradually increasing interest rates.
Investors are also looking ahead to comments from Federal Reserve Chair Jerome Powell in Houston, Texas at 11:30 AM ET (16:30 GMT). On Wednesday, Powell said the U.S. economy was strong and indicated that the central bank will continue to raise rates in 2019, albeit at a gradual pace.
The dollar was lower against the Japanese yen, with USD/JPY falling 0.42% to 113.16. The Canadian dollar was higher, with USD/CAD slipping 0.16% to 1.3220.
Meanwhile, sterling slumped after UK Brexit Minister Dominic Raab resigned, adding pressure on Prime Minister Theresa May's proposed Brexit deal. GBP/USD slumped 1.62% to 1.2781, not far from a session low of 1.2768.
Elsewhere, EUR/USD inched up 0.04% to 1.1314. The NZD/USD rose 0.34% to 0.6820, while AUD/USD increased 0.57% to 0.7271.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.