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EUR/USD flirts with daily lows near 1.2110, dollar rebounds

4/29/2021 8:54:32 AM GMT | By Pablo Piovano EUR/USD comes under downside pressure, still above 1.2100. Higher US yields sustain the bounce off lows in the dollar. German advanced April CPI figures next in the calendar. After hitting fresh monthly highs around 1.2150 during early trade, EUR/USD saw its gains trimmed and now tumbles to session lows in the 1.2110 region. EUR/USD recedes from 2-month peaks The rally in EUR/USD manages to reach fresh tops in ...
Federal Reserve Eu Recovery Fund Chief Powell German Unemployment Change Consumer Confidence Initial Claims

Weekly Jobless Claims Drop to 553,000, Above Economist Forecasts

US initial jobless claims dipped to 553,000 last week, marking a third straight decline. The median estimate from economists was for a drop to 540,000 claims. Continuing claims climbed to 3.66 million for the week that ended on April 17. The number of Americans filing for unemployment benefits fell for a third consecutive week as the labor markets recovery charged forward. New jobless claims totaled an unadjusted 553,000 last week, according to the Labor Department. The median estimate from eco...
Weekly Jobless Claims Us Weekly Jobless Claims Us Jobless Claims Jobless Claims Initial Claims Initial Jobless Claims

US Dollar Index consolidates gains above 91.00 ahead of FOMC

4/28/2021 7:50:44 AM GMT | By Pablo Piovano DXY extends the upside beyond the 91.00 mark. US yields tick higher and lend support to the dollar. The FOMC is largely expected to keep its accommodative stance. The greenback, when tracked by the US Dollar Index (DXY), climbs to new 3-day highs above the 91.00 hurdle on Wednesday. US Dollar Index bid ahead of FOMC The index extends the weekly recovery and posts gains for the third consecutive session on Wedne...
Chairman Powell Goods Trade Balance Wholesale Inventories Initial Claims Aprilu Mich Dollar Index

US Dollar Index regains traction and approaches 91.00 ahead of data

Apr 27, 2021 09:46 GMTFXStreet News DXY adds to Monday’s small gains and approaches 91.00. Steady US 10-year yields navigate the su-1.60% region so far. Consumer Confidence, housing data, 7-year auction next on tap. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors manages to extend the recent optimism and trades at shouting distance from the key 91.00 hurdle on turnaround Tuesday. US Dollar Index looks to data, risk trends After bottoming out in fres...
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Weekly Jobless Claims Drop to 547,000, Below Economist Forecasts

US jobless claims unexpectedly fell last week to 547,000, a pandemic-era low. Economists had anticipated 610,000 claims. The previous weeks sum was revised higher, to 586,000. Continuing claims slid to 3.67 million for the week that ended on April 10. Fewer Americans filed for unemployment benefits last week as hiring picked up amid the reopening of the economy. New US jobless claims reached an unadjusted 547,000 last week, the Labor Department said on Thursday morning. Economists surveyed by B...
United States Ian Shepherdson Census Bureau Labor Department Pantheon Macroeconomics Economic Data

U.S. jobless claims drop to new one-year low

In a sign the economic recovery is taking hold, the number of Americans filing new claims for jobless benefits dropped much more than expected last week to a new one-year low. The Labor Department reported Thursday that initial claims fell to 547,000, with Texas and New York reporting the largest declines. It marked the second straight week that claims were below 700,000 since March last year when non-essential businesses were shut down amid the health crisis. The latest tally suggests layoffs a...
Jobless Benefits Initial Claims Labor Department
Source: yahoo.com

US Dollar Index drops to 5-week lows near 91.30

4/19/2021 7:51:59 AM GMT | By Pablo Piovano DXY loses the grip and retreats to lows near 91.30. US 10-year yields look steady in the 1.55% region. The risk-on sentiment gathers further pace early on Monday. The greenback, when tracked by the US Dollar Index (DXY), starts the week on the defensive and drops to multi-week lows near 91.30. US Dollar Index weaker on steady yields, risk-on The index adds to Friday’s losses and reaches new multi-week lows in...
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