🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Dollar slips lower after mixed U.S. data

Published 10/20/2016, 08:47 AM
Dollar turns lower vs. rivals after U.S. data, ECB statement
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
DX
-

Investing.com - The dollar slipped lower against the other majors currencies on Thursday, after the release of mixed U.S. jobless claims and manufacturing activity data.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 15 increased by 13,000 to 260,000 from the previous week’s total of 247,000, an upward revision from the initial 246,000.

Analysts had expected jobless claims to rise by 4,000 to 250,000 last week.

The Philadelphia Federal Reserve said its business conditions index came in at 9.7 this month, down from 12.8 in September. Economists had expected a reading of 5.3 this month.

EUR/USD rose 0.28% to 1.1011, off the three-month low off 1.0953 hit overnight, after the European Central Bank left interest rates unchanged at record lows of zero.

The ECB also left its quantitative easing program unchanged at €80 billion per month.

GBP/USD dropped 0.51% to 1.2228. The U.K. Office for National Statistics earlier said that retail sales were flat in September, after a 0.2% decline the previous month and compared to expectations for a 0.4% rise.

Year-on-year, retail sales increased 4.1% last month, disappointing expectations for a 4.8% rise.

Core retail sales, which exclude automobile sales and fuel, were als flat in September, confounding expectations for an increase of 0.4%.

USD/JPY gained 0.27% to 103.76, while USD/CHF slid 0.30% to 0.9861.

The Australian and New Zealand dollars were weaker, with AUD/USD down 0.98% at 0.7648 and with NZD/USD slipping 0.19% to 0.7217.

Earlier Thursday, the Australian Bureau of Statistics said the number of employed people declined by 9,800 in September, disappointing expectations for an increase of 15,000.

Australia’s unemployment rate remained unchanged at 5.6% last month, compared to expectations for an uptick to 5.7%.

In addition, the National Australia Bank said its business confidence index rose to 5 in the third quarter from 3 in the second quarter, whose figure was revised from an initial reading of 2.

Meanwhile, USD/CAD climbed 0.66% to trade at 1.3200, off Wednesday’s one-month trough of 1.3001.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% at 97.72.

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.