Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Forex - Dollar remains broadly lower after weak U.S. data

Published 04/21/2011, 10:58 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
Investing.com – The U.S. dollar remained broadly against its major counterparts on Thursday, after some weaker-than-expected U.S. data and a magnitude 6.1 aftershock close to Tokyo dented risk appetite.

During U.S. morning trade, the greenback was down against the euro, with EUR/USD rising 0.29% to hit 1.4564.

Earlier in the day, the Ifo Institute said it’s business climate index for Germany slipped to 110.4 in April from a reading of 111.1 in March. The decline was in line with expectations.

The greenback was also lower against the pound, with GBP/USD rallying 0.92% to hit 1.6563.

Earlier Thursday, official data showed that U.K. retail sales rose unexpectedly in March, while public sector borrowing for the fiscal year ending in March came in below the government's target.

Elsewhere, the greenback was down against the yen and the Swiss franc with USD/JPY tumbling 0.99% to hit 81.73 and USD/CHF dropping 0.69% to hit 0.8819.

In addition, the greenback was lower against its Canadian, Australian and New Zealand cousins, with USD/CAD shedding 0.61% to hit 0.9508, AUD/USD climbing 0.27% to hit 1.0743 and NZD/USD rising 0.35% to hit 0.8006.

Earlier in the day, official data showed that Canadian retail sales rose less-than-expected in February.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.50%.

Earlier Thursday, the Federal Reserve Bank of Philadelphia said its index of manufacturing activity slumped to a five-month low in April.

A separate report said that the said the number of people in the U.S. filing initial claims for state unemployment benefits fell less-than-expected last week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.