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

Forex - Dollar little changed ahead of U.S. jobless data, Fed

Published 10/22/2015, 02:13 AM
© Reuters.  Dollar hovers at 2-week highs vs. rivals with U.S. data, Fed on tap
EUR/USD
-
USD/JPY
-
DX
-

Investing.com - The dollar was little changed on Thursday, as investors awaited the release of U.S. jobless claims data later in the day for further indications on the strength of the economy and as markets began to turn their attention to the Federal Reserve's policy meeting next week.

EUR/USD eased 0.09% to trade at 1.1330.

Market participants were eyeing the weekly report on U.S. jobless claims due later in the day after a batch of mixed U.S. economic reports fuelled fresh uncertainty over the timing of a U.S. rate hike.

Meanwhile, sentiment on the single currency slightly weakened ahead of the European Central Bank's monthly monetary policy decision, expected later Thursday.

The ECB was expected to keep its monetary policy unchanged but could flag plans to enlarge its stimulus program.

The dollar slipped lower against the yen, with USD/JPY down 0.20% at 119.68, but still remained within close distance of Thursday's one-week peak of 119.98.

Investors have also been debating the possibility of further stimulus measures by the Bank of Japan, which has been weighing on the yen over the past week.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at a two-week high of 95.07.

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.