U.S. Dollar Lower Ahead Of Inflation Data
27 Giugno 2024 - 2:33PM
RTTF2
The U.S. dollar weakened against its major counterparts in the
New York session on Thursday, as investors digested mixed economic
data and awaited key inflation data due on Friday.
Data from the Labor Department showed that initial jobless
claims fell more than expected in the week ended June 22.
The Labor Department said initial jobless claims dropped to
233,000, a decrease of 6,000 from the previous week's revised level
of 239,000.
Economists had expected jobless claims to edge down to 236,000
from the 238,000 originally reported for the previous week.
Data from the Commerce Department showed that the U.S. economy
grew by slightly more than previously estimated in the first
quarter of 2024.
Gross domestic product jumped by 1.4 percent in the first
quarter compared to the previously estimated 1.3 percent increase.
The upward revision matched economist estimates.
Investors await directional cues from the U.S. PCE price index
data on Friday, which is the Federal Reserve's preferred inflation
gauge.
Market participants look forward to the first Trump-Biden
Presidential debate of the year later in the day.
U.S. Democrat and Republican front-runners Joe Biden and Donald
Trump will meet for a debate in Atlanta, Georgia at 9.00 pm ET
before CNN moderators Jake Tapper and Dana Bash, ahead of
November's hotly contested U.S. election.
The greenback edged down to 160.27 against the yen and 0.8957
against the franc, off its early highs of 160.79 and 0.8979,
respectively. The greenback is poised to challenge support around
147.00 against the yen and 0.88 against the franc.
The greenback touched 1.0726 against the euro, setting a 2-day
low. The greenback is likely to face support around the 1.08
region, if it falls again.
The greenback retreated to 1.3675 against the loonie and 0.6108
against the kiwi, from an early 6-day high of 1.3712 and a
1-1/2-month high of 0.6068, respectively. The currency is seen
finding support around 1.34 against the loonie and 0.63 against the
kiwi.
The greenback eased to 1.2670 against the pound, from an early
1-1/2-month high of 1.2612. On the downside, 1.31 is likely seen as
its next support level.
Meanwhile, the greenback was higher against the aussie, at
0.6645. Next key resistance for the currency is seen around the
0.64 level.
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Mag 2024 a Giu 2024
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Giu 2023 a Giu 2024
