The US dollar traded lower against major currencies after the release of some economic reports in New York morning trading on Thursday. The greenback dropped to a 6-day low against the euro, a 13-day low versus the franc and a 3-day low against the yen.
According to a report released by the U.S. Labor Department today, the consumer price index rose by 0.4 percent in January, matching the revised increase seen in December. Economists had expected consumer prices to increase by 0.3 percent compared to the 0.5 percent growth originally reported for the previous month.
The Labor Department also said that initial jobless claims rose by 25,000 to 410,000 from the previous week’s revised figure of 385,000. Economists had expected jobless claims to rise to 410,000 from the 383,000 originally reported for the previous week.
Continuing claims, a reading on the number of people receiving ongoing unemployment help, also edged up to 3.911 million from the preceding week’s revised level of 3.910 million.
In an another economic report, the U.S. Conference Board said its leading indicators index edged up by 0.1 percent in January following a downwardly revised 0.8 percent increase in December. Economists had expected the index to increase by 0.2 percent compared to the 1.0 percent growth originally reported for the previous month.
The greenback declined further against the euro in today’s New York morning deals and fell to a 6-day low of 1.3615 by about 10:30 am ET. Currently, greenback is trading near 1.3609 versus the euro from yesterday’s closing value of 1.3570.
On the economic front, a flash report from the European Commission showed that Eurozone consumer confidence indicator rose to minus 9.9 in February from minus 11.2 in January, while economists’ expectations were for a modest increase to minus 11.
Against its Swiss counterpart, the greenback dropped further during New York morning and slipped to a 13-day low of 0.9481 as of 10:20 am ET. The dollar-franc pair that closed Wednesday’s New York session at 0.9596, is now trading at 0.9504.
The US currency extended its previous session’s downward trading against the Japanese yen in morning trading today. The dollar fell to a 3-day low of 83.17 versus the yen by about 10:30 am ET, compared to 83.69 hit late New York Wednesday. At present, the pair is trading at 83.25.
The US dollar traded lower against the British pound in North American morning deals today. The greenback is presently trading near 1.6187 versus the sterling, which may be compared to yesterday’s close of 1.6098.
Against the Australian and New Zealand currencies, the greenback also showed weakness in today’s morning trading and currently trading near fresh multi-day lows of 1.0122 and 0.7592, respectively.
Nice weblog right here! Additionally your site lots up very fast!
What web host are you the use of? Can I get your associate link for your host?
I want my website loaded up as fast as yours lol
I have read so many content concerning the blogger lovers except this article is genuinely a fastidious article, keep it up.
Article writing is also a excitement, if you
be acquainted with after that you can write if not it is complex to write.
I waas recommended this blog byy my cousin. I’mnot sure whether this post is written by
him as nobody else know such detailed about my problem.
You’re amazing! Thanks!
Hello there! Would you mind if I share your blog with myy myspace group?
There’s a lot of folks that I think would really
appreciate your content. Please lett me know.
Cheers
It’s really a nice and useful piece of information. I am
happy that you simply shared this helpful information with us.
Please stay us up to date like this. Thank you for sharing.
When there is nonstop noise in your ears, normal functions of
life become burdens. Some of these can be a contributing factor in the onset of tinnitus symptoms.
Patients should implement for it and it truly is proposed that they already be below the consideration of a physician,
however the grant is for $1500.
Yourself you’ll have to select tthe very best Internet Marketing fikrm or provider, then create an expert evaluation.
Get yourself concedrned through thhe creation of the firm.
Therefore, when coping with yoyr Internet Marketing Company supplier, think about only a consumer-friendly format and navigation.
I was curious if you ever considered changing the structure of your blog?
Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with
it better. Youve got an awful lot of text for only having
one or two images. Maybe you could space it out better?
We have a saying that good knowledge” is better than large data.” Bid knowledge is
a timme period being thrown around lots today as a result of brands and companies alike now have
the know-how to gather more information and intelligence than ever before.
But what does that imply for growing a business. Data iis nugatory without the info scientists
analyzing it andd creatiing actionable insights.