Federal Reserve Bank of Philadelphia — News Archive


US Dollar Jumps As Worse-Than-Expected Jobless Claims Spook Markets

The US dollar is advancing against many of its G10 currency rivals on Thursday after the number of Americans filing for first-time unemployment benefits came in worse than what analysts had expected. The latest data spooked investors, triggering greater uncertainty in the broader market and sent traders into the traditional safe-haven asset.

US Dollar Flat As Initial Jobless Claims Show Steady Decline

The US dollar is trading flat on Thursday as the number of Americans filing for unemployment benefits continues its downward pattern, suggesting the job-loss trend peaked at the end of March. US financial markets were flat across the board, so there was not a huge push into the traditional safe-haven asset toward the end of the trading week.

Euro Trades at April 2017 Lows Despite Upbeat German Macro Prints

The euro today traded at multi-year lows against the US dollar despite the release of positive German macro reports in the early European session. The EUR/USD currency pair fell to lows last witnessed in April 2017 after the results of the last French election were announced.

US Dollar Hurt by Philly Fed Manufacturing Index, Buoyed by Jobless Claims

The US dollar is trading downwards one day after the Federal Reserve left interest rates unchanged, but the central bank leaving the door open to a future rate cut should the data support a move might be driving down the dollar. The greenback declined more on the Philadelphia Federal Reserve Bank manufacturing survey, though its descent was capped by lower-than-expected jobless claims.

US Dollar Gives up Early Gains as Political Woes Remain in Play

The US dollar rose against the euro and other major currencies on Thursday, even after giving up some of the gains it made earlier today. A smaller drop than expected in manufacturing activity in Philadelphia and a low number of jobless claims supported the greenback. However, rippling effects from the Federal Reserve’s meeting minutes and political developments in the United States limited the greenback’s gains today.

US Dollar Advances on Positive Manufacturing Data and Hawkish Interest Rates Outlook

The US dollar climbed versus the euro and the Japanese yen on Thursday, as sentiments toward the near future outlook for US interest rates improved following hawkish signals from the Federal Reserve yesterday. Positive manufacturing data in the United States eased concerns about the health of the economy, which further supported the greenback today.

US Dollar Stabilizes Against Major Peers as Trump Woes Diminish

The US dollar was little changed on Thursday after maintaining most of the losses it had over the past two days amid higher uncertainty about the prospects of Donald Trump’s economic agenda. A series of political developments this week left the US president in a difficult position, which weighed on the greenback, but the currency limited its decline as positive economic data eased traders’ concerns.

US Dollar Stays Lower on Lackluster Manufacturing Data

The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength of the greenback rose as the US currency improved against a number of its major peers.

US Dollar Maintains Losses Despite Higher Interest Rates from Federal Reserve

The US dollar maintained its losses for the second day on Thursday, after a surprising drop against most of its major peers yesterday following an interest rate hike from the Federal Reserve. A number of economic releases revealed mixed data today, which forced the greenback to trade within a tight range.

US Dollar Climbs as Comments from Fed Official Increase Expectations for Raising Rates

The US dollar rose against its major counterparts on Tuesday, after a Federal Reserve official made comments that increased US Treasury yields and supported the US Currency.