Investing.com - The U.S. dollar traded lower against most of its major rivals during Thursday’s Asian session even after some concerning regional data points emerged earlier in the session.
In Asian trading Thursday, EUR/USD rose 0.05% to 1.3317 as it has become evident the U.S. will not launch a military strike against Syria anytime soon.
GBP/USD inched up 0.02% to 1.5822 after official data revealed that the U.K. unemployment rate fell to 7.7% in the three months to July from 7.8% in the previous three months. Analysts were expecting the unemployment rate to remain unchanged.
The number of individuals claiming unemployment benefits in the U.K. fell by 32,600 in August, better than market calls for a decline of 22,000 people. The data stoked already growing expectations that the Bank of England may raise interest rates sooner than it has indicated.
USD/JPY fell 0.46% to 99.44 after the Economic and Social Research Institute said that Japan’s core machinery orders were flat last month after a contraction of 2.7% in July. Analysts expected Japan’s core machinery orders to rise to 2.4% last month.
USD/CHF dropped 0.08% to 0.9300 while USD/CAD inched down 0.01% to 1.0319 after the U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories fell by 219,000 barrels in the week ended Sept. 6, less than expectations for a decline of 1.5 million barrels. Total U.S. crude oil inventories stood at 360.0 million barrels as of last week.
NZD/USD jumped 0.47% to 0.8121. AUD/USD plunged 0.71% to 0.9263 after the Australian Bureau of Statistics said the country’s unemployment rate rose to 5.8% last month from 5.7% in July. Analysts expected that increase.
The Statistics Bureau added that the Australian employment change fell by 10,800 in August after a July drop of 11,400. The July number was revised lower after an initial reading showed a decline of 10,200. Analysts expected an August increase of 10,000.
The U.S. Dollar Index fell 0.07% to 81.66.
In Asian trading Thursday, EUR/USD rose 0.05% to 1.3317 as it has become evident the U.S. will not launch a military strike against Syria anytime soon.
GBP/USD inched up 0.02% to 1.5822 after official data revealed that the U.K. unemployment rate fell to 7.7% in the three months to July from 7.8% in the previous three months. Analysts were expecting the unemployment rate to remain unchanged.
The number of individuals claiming unemployment benefits in the U.K. fell by 32,600 in August, better than market calls for a decline of 22,000 people. The data stoked already growing expectations that the Bank of England may raise interest rates sooner than it has indicated.
USD/JPY fell 0.46% to 99.44 after the Economic and Social Research Institute said that Japan’s core machinery orders were flat last month after a contraction of 2.7% in July. Analysts expected Japan’s core machinery orders to rise to 2.4% last month.
USD/CHF dropped 0.08% to 0.9300 while USD/CAD inched down 0.01% to 1.0319 after the U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories fell by 219,000 barrels in the week ended Sept. 6, less than expectations for a decline of 1.5 million barrels. Total U.S. crude oil inventories stood at 360.0 million barrels as of last week.
NZD/USD jumped 0.47% to 0.8121. AUD/USD plunged 0.71% to 0.9263 after the Australian Bureau of Statistics said the country’s unemployment rate rose to 5.8% last month from 5.7% in July. Analysts expected that increase.
The Statistics Bureau added that the Australian employment change fell by 10,800 in August after a July drop of 11,400. The July number was revised lower after an initial reading showed a decline of 10,200. Analysts expected an August increase of 10,000.
The U.S. Dollar Index fell 0.07% to 81.66.