The dollar is attempting to rebound Thursday afternoon from a decline that began after the Federal Reserve concluded its monetary policy meeting yesterday afternoon. The U.S. currency had been weakening since the release of what has been deemed a dovish statement by the central bank.
Meanwhile, investors continue to keep an eye on the situation in Greece. Eurozone finance minister are holding a meeting today to further discuss the country’s debt problems.
Despite a modest improvement in the economic outlook, the Federal Reserve on Wednesday offered no explicit guidance indicating that it will soon raise interest rates from zero. As expected, the Fed kept its benchmark interest rate unchanged near zero, where it has been since 2008.
Many market watchers thought the Fed would lay further groundwork for a rate hike as soon as September, but policy makers remain reluctant to tip their hand even though economic activity seems to be picking up after a second consecutive rough winter.
The central bank’s forecasts reinforced the view that the eventual increase in rates will be gradual. Tame consumer price inflation data also generated some optimism about the outlook for rates in light of the Fed’s insistence that it will be data dependent.
In another upbeat sign for the U.S. labor market, the Labor Department released a report on Thursday showing a bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims fell to 267,000, a decrease of 12,000 from the previous week’s unrevised level of 279,000. Economists had expected jobless claims to dip to 275,000.
While the Commerce Department released a report on Thursday showing a substantial increase in energy prices in the month of May, the report said overall consumer prices in the U.S. rose by slightly less than economists had expected.
The Labor Department said its consumer price index climbed by 0.4 percent in May after inching up by 0.1 percent in April. The increase by the index reflected the largest monthly gain since February of 2013, but it was still slightly smaller than 0.5 percent increase expected by economists.
Manufacturing conditions in the Philadelphia region have improved in June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index of current activity jumped to 15.2 in June from 6.7 in May, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to inch up to 8.0.
Confirming the outlook for more economic expansion in the second half of the year, the Conference Board released a report on Thursday showing another notable increase by its index of leading U.S. economic indicators. The Conference Board said its leading economic index climbed by 0.7 percent in May, matching the increase seen in April. Economists had expected the index to rise by 0.4 percent.
A fourth offering of long-term loans from the European Central Bank witnessed healthy demand from euro area banks, though it may not be a prelude to sharper growth in lending.
Banks took EUR 73.78 billion of long-term loans in the ECB’s Targeted Longer Term Refinancing Operation, or TLTRO, on Thursday. Economists had expected a take-up between EUR 60 billion – EUR 75 billion.
The allotment was full at a fixed rate of 0.05 percent to 128 banks. The loans mature on September 26, 2018.
In the previous round held in March, 143 banks took EUR 97.8 billion. The total funds on offer under eight TLTRO operations are EUR 400 billion and banks have borrowed about EUR 384 billion thus far.
The dollar dropped to a 1-month low of $1.1436 against the Euro Thursday, but has since bounced back to around $1.1370.
Eurozone’s labor costs grew sharply in the first quarter at the fastest pace in more than three years, data from Eurostat revealed Thursday. Hourly labor costs grew 2.2 percent annually in the three months to January, following 1.2 percent increase in the previous quarter. It was the fastest rate of growth since the second quarter of 2011, when costs rose 2.5 percent.
The buck sank to nearly a 7-month low of $1.5929 against the pound sterling Thursday, but has since rebounded to around $1.5865.
U.K. retail sales increased unexpectedly in May as low inflation and strong pay growth underpinned consumer spending. Retail sales including auto fuel rose 0.2 percent in May from April when it climbed 0.9 percent, data from the Office for National Statistics showed Thursday. Although the monthly growth eased from April, this was the second consecutive rise and came in contrast to a 0.1 percent fall forecast by economists.
The greenback fell to a 1-week low of Y122.544 against the Japanese Yen Thursday, but has since climbed back to around Y123.020.
Japan’s total labor cash earnings increased at a slower-than initially expected rate in April after remaining unchanged in the previous month, a final report from the Ministry of Health, Labor and Welfare showed Thursday.
Total earnings rose 0.7 percent year-on-year in April to JPY 273,873, slower than the preliminary estimate of 0.9 percent. April’s growth was the highest thus far this year. In March, labor cash earnings remained stable.
Aw, this was an incredibly good post. Spending some
time and actual effort to create a really good article… but what can I say… I hesitate a lot and never manage to get anything done.
Since the admin of this web site is working, no question very shortly it will be well-known, due to
its quality contents.
Great goods from you, man. I have understand your stuff
previous to and you are just extremely fantastic.
I actually like what you have acquired here, really like what
you’re stating and the way in which you say it.
You make it enjoyable and you still care for to keep it smart.
I can not wait to read far more from you. This is actually a tremendous site.
Ridiculous story there. What occurred after? Thanks!
Your style is so unique in comparison to other
people I’ve read stuff from. I appreciate you for posting when you’ve
got the opportunity, Guess I’ll just book mark this blog.
Hello there, I found your blog by the use of Google while searching for a related topic,
your site came up, it appears good. I’ve bookmarked it in my google bookmarks.
Hello there, simply became aware of your blog thru Google, and located that it’s really informative.
I’m going to watch out for brussels. I’ll be grateful if you happen to proceed this
in future. Lots of other people will likely be benefited out of your writing.
Cheers!
It’s really very difficult in this active life to listen news on Television, therefore I just use internet for that reason, and obtain the most recent news.
Spot on with this write-up, I truly believe this web site needs much more attention. I’ll probably be back again to see more, thanks for
the information!
Greetings! Very useful advice in this particular
post! It is the little changes which will make the most important changes.
Thanks for sharing!
Hey there, I think your website might be having browser compatibility issues.
When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, awesome blog!
Good day! This post couldn’t be written any better!
Reading this post reminds me of my old room mate!
He always kept chatting about this. I will forward
this page to him. Fairly certain he will have a good read.
Thank you for sharing!
constantly i used to read smaller posts which also clear their motive, and that is also happening with
this paragraph which I am reading at this time.
Aspirin, antibiotics, cancer medications, diuretics, quinine and cloroquinine can all cause signs of tinnitus.
Having read this I thought it was really informative.
I appreciate you spending some time and energy to put
this short article together. I once again find myself
spending a lot of time both reading and commenting.
But so what, it was still worthwhile!
Hey I know this is off topic but I was wondering if you knew of any
widgets I could add to my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would
have some experience with something like this.
Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your new updates.
Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam comments?
If so how do you stop it, any plugin or anything you can advise?
I get so much lately it’s driving me insane so any help is very much appreciated.
Howdy! This article could not be written much better!
Looking through this post reminds me of my previous roommate!
He constantly kept talking about this. I am going to forward this post to him.
Fairly certain he’s going to have a good read. Thank you for sharing!
It is in point of fact a great and helpful piece of information. I am happy that you simply
shared this useful info with us. Please keep us up to date like this.
Thank you for sharing.
Hi there! Do you know if they make any plugins to protect against hackers?
I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
Excellent way of telling, and good post to obtain facts
regarding my presentation topic, which i am going
to deliver in school.
I do not know if it’s just me or if perhaps everybody else experiencing problems with your site.
It appears like some of the written text in your posts are
running off the screen. Can somebody else please comment and let me know if this is happening to them as well?
This may be a issue with my internet browser because I’ve had this happen previously.
Thanks
It’s awesome to visit this site and reading the views of all friends
regarding this article, while I am also eager of getting know-how.
Aw, this was an incredibly nice post. Taking the time and actual effort to generate a very good article… but what can I say… I put things off a
lot and don’t seem to get nearly anything done.
Excellent post. Keep writing such kind of information on your blog.
Im really impressed by it.
Hello there, You have done an incredible job. I’ll certainly
digg it and for my part recommend to my friends.
I’m sure they’ll be benefited from this web site.
Hey there! This is my first visit to your blog! We are a group
of volunteers and starting a new initiative in a community in the same niche.
Your blog provided us valuable information to work on. You have done a extraordinary
job!
Admiring the dedication you put into your website and detailed information you provide.
It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed material.
Wonderful read! I’ve saved your site and I’m including your RSS feeds to
my Google account.
Very good blog! Do you have any hints for aspiring
writers? I’m hoping to start my own site soon but I’m a little lost on everything.
Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options
out there that I’m totally confused .. Any ideas?
Bless you!
Wonderful post! We will be linking to this particularly great article on our site.
Keep up the great writing.
Aw, this was an exceptionally nice post. Finding the time and actual effort to make a superb article… but
what can I say… I put things off a whole lot and don’t seem to get nearly anything done.
Thanks in support of sharing such a fastidious idea, article
is pleasant, thats why i have read it completely
We’re a bunch of volunteers and starting a brand new scheme in our community.
Your website offered us with helpful info to work on. You have performed a formidable task and our entire group
will probably be thankful to you.
Wonderful beat ! I wish to apprentice while you amend
your website, how can i subscribe for a blog web site?
The account helped me a applicable deal. I had
been tiny bit familiar of this your broadcast provided vivid transparent idea
Hi there! Do you use Twitter? I’d like to follow you if that would be okay.
I’m definitely enjoying your blog and look forward to new updates.
I visited many web pages however the audio feature for audio songs
present at this website is actually marvelous.
Hey! I realize this is somewhat off-topic but I had to ask.
Does operating a well-established blog like yours require a lot
of work? I am brand new to running a blog but I do write in my journal on a daily
basis. I’d like to start a blog so I can easily share my own experience and feelings online.
Please let me know if you have any kind of suggestions or tips for new aspiring bloggers.
Appreciate it!
Everyone loves it when individuals come together and share
thoughts. Great website, keep it up!
When someone writes an article he/she retains
the thought of a user in his/her mind that how a user can know it.
Thus that’s why this paragraph is outstdanding. Thanks!
Hi! I’ve been reading your weblog for a long
time now and finally got the bravery to go ahead and give you a shout out from Dallas Texas!
Just wanted to say keep up the fantastic work!
Hello there, I discovered your site via Google while looking for a
similar topic, your web site got here up, it looks good.
I have bookmarked it in my google bookmarks.
Hi there, just become alert to your blog via Google, and located that it’s
truly informative. I’m going to watch out for brussels.
I will appreciate should you continue this in future.
Lots of people will probably be benefited out of your writing.
Cheers!
It’s nearly impossible to find educated people about this subject, however, you sound like you know what you’re talking about!
Thanks
You could certainly see your expertise in the work you write.
The arena hopes for more passionate writers like you who aren’t afraid to mention how they
believe. Always follow your heart.
Hey there! This is my first comment here so I just wanted to give a quick shout
out and say I really enjoy reading your blog posts.
Can you suggest any other blogs/websites/forums that go over the same topics?
Thanks for your time!
Very nice post. I just stumbled upon your blog
and wished to mention that I have truly loved surfing around your blog posts.
After all I’ll be subscribing for your feed and I’m hoping you write again very soon!
I was able to find good advice from your content.
Ahaa, its good dialogue regarding this paragraph here at this webpage, I have read all
that, so now me also commenting here.
Nice blog here! Also your website loads up fast!
What web host are you using? Can I get your affiliate
link to your host? I wish my website loaded up as fast as
yours lol
I’m not sure where you’re getting your info, but great topic.
I needs to spend some time learning more or understanding
more. Thanks for great info I was looking for this information for my mission.
Hi, i think that i saw you visited my website so i came to “return the favor”.I am attempting to find things
to improve my web site!I suppose its ok to use some of your ideas!!
I have to thank you for the efforts you’ve put in writing this website.
I really hope to view the same high-grade content from you later on as well.
In fact, your creative writing abilities has inspired me to get my own blog now 😉
I like the helpful info you provide in your articles.
I will bookmark your blog and check again here frequently.
I am quite certain I will learn many new stuff right here!
Good luck for the next!
I do consider all the ideas you’ve offered on your post.
They are very convincing and will certainly work.
Still, the posts are too short for novices. May just you please lengthen them a bit from
subsequent time? Thank you for the post.
I’m really impressed with your writing abilities and also with the structure in your weblog.
Is this a paid subject or did you customize it your self?
Anyway keep up the excellent high quality writing,
it’s uncommon to see a great blog like this one these
days..
You made some really good points there. I checked on the web to find out more about the issue and found most individuals will
go along with your views on this web site.
Hey there! I realize this is sort of off-topic but I had to
ask. Does running a well-established blog such as yours take a massive amount work?
I’m brand new to writing a blog but I do write in my diary everyday.
I’d like to start a blog so I can easily share my experience and feelings online.
Please let me know if you have any kind of ideas or tips for brand new aspiring bloggers.
Appreciate it!
Excellent write-up. I absolutely love this site. Stick with it!
I go to see every day a few blogs and information sites
to read articles, however this webpage provides feature based posts.
Nice post. I learn something totally new and challenging on sites I stumbleupon on a daily basis.
It will always be helpful to read content from other authors and practice something from other websites.
Thanks for another fantastic post. Where else may just anybody get
that kind of info in such a perfect manner of writing? I have a presentation next week,
and I am on the search for such information.
I am really loving the theme/design of your website.
Do you ever run into any internet browser compatibility problems?
A few of my blog visitors have complained about my blog not operating correctly in Explorer but looks great in Safari.
Do you have any ideas to help fix this problem?
Hurrah, that’s what I was seeking for, what a information! existing here at this blog, thanks admin of this website.