Investing.com - The U.S. dollar traded lower against most of its major rivals during Thursday’s Asian session as traders sought out riskier assets on news the U.S. senate had reached a compromise that will reopen the government and avert a debt ceiling disaster.
In Asian trading Thursday, EUR/USD inched up 0.04% to 1.3541 after data released on Wednesday showed that the annual rate of consumer inflation in the euro zone was unchanged from a preliminary estimate of 1.1% in September.
A separate report showed that the euro zone’s trade surplus widened to EUR12.3 billion in August from EUR11 billion in April, broadly in line with forecasts.
USD/JPY nudged down 0.04% to 98.73, perhaps a sign some traders were still looking for safe-haven options beyond the greenback.
GBP/USD rose 0.17% to 1.5975 after the Office for National Statistics said that the U.K. claimant count fell by 41,700 in September, outstripping expectations for a decline of 25,000 people.
The rate of unemployment held steady at 7.7% in August, in line with expectations and unchanged from July.
USD/CHF fell 0.05% to 0.9130 while USD/CAD lost 0.06% to 1.0322. Senate Majority Leader Harry Reid, a Democrat, and the Senate's top Republican, Mitch McConnell, agreed on a plan to end the U.S. fiscal impasse and reopen the government as well as extend Washington's borrowing authority to avoid defaults.
That bill will fund the federal government through Jan. 15 and extend the government’s borrowing power, known as the debt ceiling, through Feb. 7, NBC News reported.
AUD/USD fell 0.08% to 0.9545 while NZD/USD added 0.10% to 0.8435. The U.S. Dollar Index fell 0.11% to 80.49.
In Asian trading Thursday, EUR/USD inched up 0.04% to 1.3541 after data released on Wednesday showed that the annual rate of consumer inflation in the euro zone was unchanged from a preliminary estimate of 1.1% in September.
A separate report showed that the euro zone’s trade surplus widened to EUR12.3 billion in August from EUR11 billion in April, broadly in line with forecasts.
USD/JPY nudged down 0.04% to 98.73, perhaps a sign some traders were still looking for safe-haven options beyond the greenback.
GBP/USD rose 0.17% to 1.5975 after the Office for National Statistics said that the U.K. claimant count fell by 41,700 in September, outstripping expectations for a decline of 25,000 people.
The rate of unemployment held steady at 7.7% in August, in line with expectations and unchanged from July.
USD/CHF fell 0.05% to 0.9130 while USD/CAD lost 0.06% to 1.0322. Senate Majority Leader Harry Reid, a Democrat, and the Senate's top Republican, Mitch McConnell, agreed on a plan to end the U.S. fiscal impasse and reopen the government as well as extend Washington's borrowing authority to avoid defaults.
That bill will fund the federal government through Jan. 15 and extend the government’s borrowing power, known as the debt ceiling, through Feb. 7, NBC News reported.
AUD/USD fell 0.08% to 0.9545 while NZD/USD added 0.10% to 0.8435. The U.S. Dollar Index fell 0.11% to 80.49.