The dollar kept on a mixed footing after weekly jobless claims unexpectedly inched up to 295,000 from 294,000. The forecast called for an improvement to 290,000. But claims' underlying trend remained positive, having kept below 300,000 for the seventh time in as many weeks.
The dollar's inconsistent bias of late shows how market players are weighing many factors and positioning ahead of a flurry of action next week.
The coming week brings first quarter growth from the U.S. and U.K. and an always important decision by the Federal Reserve on April 29 which could make or break the case for a June interest rate hike.
Commentary
USD review
The dollar kept on a mixed footing after weekly jobless claims unexpectedly inched up to 295,000 from 294,000. The forecast called for an improvement to 290,000. But claims' underlying trend remained positive, having kep…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
