The dollar fell into a deeper hole after another batch of forecast missing U.S. data suggested the Fed would leave interest rates low for longer.
Weekly jobless claims increased to 294,000 from 282,000, missing forecasts of 280,000. Still, that marked a sixth straight week below 300,000, a level under which is consistent with healthy monthly hiring. Housing starts rose in underwhelming fashion to 926,000 units for March, under forecasts of just above a million units.
Looming Friday are U.S. indicators on consumer inflation and consumer sentiment.
Commentary
USD review
The dollar fell into a deeper hole after another batch of forecast missing U.S. data suggested the Fed would leave interest rates low for longer. Weekly jobless claims increased to 294,000 from 282,000, missing forecasts…
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