Forex News and analyses

Height of Jobless Claims in the US to 258 thousand

24 marzo 2017

Applications for unemployment benefits in the US rose to seven week high, the increase amounted to 15 thousand requests during the week ended March 18.

On Thursday the price of the euro against the greenback remained locked between levels around 1.0800 and 1.0770, eventually closing at 1.0783 dollars to one euro or a decrease of 9 pips.

The dollar index US, which measures the strength of the greenback against a basket of six other major currencies, registered a growth of +0.04%.

Data from the UK showed faster than expected growth in retail sales. The volume of goods sold in stores and online increased by 1.4% on a monthly basis, while economists' expectations were for only 0.4%, the pound rose 38 pips against the greenback and closed at 1.2515 dollars per pound.

During the Asian session the USD/JPY rose to 111.574, but later auctions were renewed and the yen rose to 110.620 from which managed to repel and eventually closed at 110.970 yen per dollar which record daily decline of 29 pips.

On Thursday, gold broke its winning six daily series with a decline of 3.8 dollars a level of 1244.98, having previously managed a record high at 1253.19 dollars per ounce.