Mortgage Applications — News Archive


US Dollar Flat As Retail Sales Surge, Jobless Claims Disappoint

The US dollar is trading relatively flat against its currency competitors on Thursday as retail sales surged in June but weekly jobless claims disappointed. With Europe choosing to pause on expanding its relief and stimulus measures, the broader global financial market has been subdued, providing little momentum for the greenback.

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.

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.

US Dollar Recovers As Federal Reserve Dismisses Negative Interest Rates

The US dollar has wiped out all its losses from earlier in the midweek trading session after the Federal Reserve dismissed it would be introducing negative interest rates. Fed Chair Jerome Powell’s grim assessment of the US economy could prompt investors to pour into the greenback as a safe-haven asset since financial markets tumbled throughout his press conference.

US Dollar Mixed As Pace of Historic Layoffs Slows Down

The US dollar is mixed against its G10 currency rivals on Thursday after new labor data suggests the pace of the historic layoffs in the aftermath of the coronavirus pandemic appear to have slowed down. All eyes will be on the Thursday jobs report, and analysts are anticipating 21 million lost jobs. Have investors already priced in a devastating reading into the broader financial markets?

US Dollar Plunges As Federal Reserve Warns of More Economic Pain in Q2

The US dollar is maintaining its downward trend from late last week as the greenback slumped on new economic data and a bearish Federal Reserve. Despite being one of the bright spots in chaotic global financial markets, the central bank has tried to pour cold water on the greenback, and it is finding success in suppressing its ascent in the international economy.

US Dollar Mixed on Worse-Than-Expected Jobless Claims

The US dollar is mixed against its most-traded currency competitors on Thursday after the government released a worse-than-expected jobless claims report. But the job-loss trend may have peaked after three consecutive weeks of falling numbers, leaving markets indifferent to the weekly figures.

US Dollar Mixed As 22 Million Americans Lose Jobs in Four Weeks

The US dollar is mixed against its G7 currency rivals on Thursday after the US government reported a slightly worse-than-expected jobs report that brought the total number of Americans who lost their jobs to about 22 million. A flurry of other economic data weighed on the greenback and US equities, leaving everyone wondering just how long the coronavirus pandemic will affect the world’s largest economy.

US Dollar Surges Despite Crashing Retail Sales, Industrial Output

The US dollar is surging against its G7 currency rivals, despite a plethora of disastrous economic reports. With global financial markets deep in the red midweek over concerns of the coronavirus pandemic, investors are pouring into the greenback for shelter. Could the US economy reverse these losses if the nation reopens next month? Or will the country endure a second wave and erase any potential gains?