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US Dollar Weakens As Initial Jobless Claims Fall to Four-Month Low

The US dollar is trading slightly lower against a myriad of G10 currency rivals on Thursday after the US government reported that the number of Americans filing for first-time unemployment benefits beat market forecasts. The greenback has been struggling in recent sessions as investors become more confident in the broader financial market and pour into riskier bets, despite the resurgence of confirmed coronavirus cases in the background.

US Dollar Flat As Jobless Claims, Q1 GDP Push Investors to Seek Shelter

The US dollar is seesawing against many of its G10 currency counterparts on Thursday after the US government reported a worse-than-expected jobs report. Financial markets are also combing through the latest gross domestic product (GDP) figures for the first quarter. The latest developments could potentially force traders back into the greenback after two months of returning to stocks.

Pound Falls After BoE Fails to Deliver Adequate Stimulus Measures

The Sterling pound today spiked higher shortly after the Bank of England left its lending rate unchanged and increased its stimulus program by £100 billion as expected. However, the GBP/USD currency pair’s rally was short-lived as the pair quickly headed lower as investor risk appetite faded in the face of rising coronavirus infections globally.

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.

Euro Trades up and Down Amid Shifting Market Dynamics

The euro today traded both higher and lower against the US dollar driven by shifting market dynamics in favour of each other over sustained periods. The EUR/USD ended up trading flat after falling and rising severally primarily driven by investor sentiment amid a mostly empty European docket.

US Dollar Strengthens on Jobless Claims, Market Jitters

The US dollar is strengthening against its G10 currency rivals on Thursday as investors pour into the safe-haven asset amid a huge plunge in financial markets. With fears over a second wave of the coronavirus and a gloomy Federal Reserve, the bears were out in full force, helping the greenback retrace some of its 2020 gains. Jobs were not nearly as in focus as in previous weeks.

US Dollar Rises As First-Time Jobless Claims Dip Below Two Million

The US dollar is strengthening against its G10 currency rivals on Thursday after the federal government reported that the number of Americans filing for unemployment benefits came in below two million for the first time in 12 weeks. This adds further evidence that the job-loss trend peaked and that the US economy is likely emerging from the doldrums of the coronavirus pandemic.

US Dollar Struggles for Direction on Jobless Claims, -5% GDP in Q1

The US dollar is struggling for direction on Thursday after a plethora of data provided a bearish portrait of the world’s largest economy. Initial jobless claims came in slightly worse than expected, while the gross domestic product (GDP) was revised downward for the first quarter. But financial markets were mostly positive in pre-market trading.

Euro Rallies on Upbeat Euro Area PMIs, Falls on Strong US PMIs

The euro today rallied higher against the US dollar earlier today lifted by positive PMI reports from across the euro area released by Markit Economics. The EUR/USD currency pair later fell after the release of positive PMI data from the US amid rising Sino-US tensions.

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.

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