Investing.com – The U.S. dollar was broadly lower against its major counterparts on Thursday, after U.S. durable goods orders tumbled in February while initial jobless claims fell slightly more-than-expected last week.
During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.31% to hit 1.4130. The single currency was supported by the view that the European Central Bank is likely to raise interest rates next month.
But the greenback was higher against the pound; with GBP/USD shedding 0.41% to hit 1.6167 after official data showed that retail sales in the U.K. fell more-than-expected in February.
Meanwhile, the greenback was almost unchanged against the yen, with USD/JPY dipping 0.01% to hit 80.89.
The greenback slipped lower against the Swiss franc, with USD/CHF losing 0.17% to hit 0.9069.
Elsewhere, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.44% to hit 0.9771, AUD/USD climbing 0.46% to hit 1.0178 and NZD/USD surging 0.95% to hit 0.7475.
Earlier in the day, official data showed that New Zealand’s economy expanded more-than-expected in the fourth quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.08%.
The Commerce Department said manufacturers' orders for goods designed to last at least three years fell 0.9% last month, confounding expectations for a 1.8% gain.
In a separate report, the U.S. Department of Labor said initial jobless claims fell to a seasonally adjusted 382K last week, from an upwardly revised 387K in the preceding week. Analysts had expected initial jobless claims to fall to 384K.
During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.31% to hit 1.4130. The single currency was supported by the view that the European Central Bank is likely to raise interest rates next month.
But the greenback was higher against the pound; with GBP/USD shedding 0.41% to hit 1.6167 after official data showed that retail sales in the U.K. fell more-than-expected in February.
Meanwhile, the greenback was almost unchanged against the yen, with USD/JPY dipping 0.01% to hit 80.89.
The greenback slipped lower against the Swiss franc, with USD/CHF losing 0.17% to hit 0.9069.
Elsewhere, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.44% to hit 0.9771, AUD/USD climbing 0.46% to hit 1.0178 and NZD/USD surging 0.95% to hit 0.7475.
Earlier in the day, official data showed that New Zealand’s economy expanded more-than-expected in the fourth quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.08%.
The Commerce Department said manufacturers' orders for goods designed to last at least three years fell 0.9% last month, confounding expectations for a 1.8% gain.
In a separate report, the U.S. Department of Labor said initial jobless claims fell to a seasonally adjusted 382K last week, from an upwardly revised 387K in the preceding week. Analysts had expected initial jobless claims to fall to 384K.