{"id":14805,"date":"2023-06-09T09:31:56","date_gmt":"2023-06-09T07:31:56","guid":{"rendered":"https:\/\/investmentbell.com\/?p=14805"},"modified":"2023-06-09T09:32:00","modified_gmt":"2023-06-09T07:32:00","slug":"dollar-dips-as-jobless-claims-increase","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/ja\/news\/forex-news\/dollar-dips-as-jobless-claims-increase\/","title":{"rendered":"Dollar dips as jobless claims increase"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; The dollar fell on Thursday after data showed that U.S. jobless claims rose more than expected in the latest week, though the market was generally viewed as consolidating ahead of key inflation data and the Federal Reserve\u2019s interest rate decision next week.<\/p>\n\n\n\n<p>The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1\/2 years last week with a 28,000-claim jump to a seasonally adjusted 261,000. Economists polled by Reuters had forecast 235,000 claims for the latest week.<\/p>\n\n\n\n<p>\u201cClaims (were) a bit higher than expected,\u201d said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, but \u201cwe\u2019re still in a consolidation mode &#8230; right now we\u2019re just trapped.\u201d<\/p>\n\n\n\n<p>The greenback has been bolstered by expectations that the Fed will hike rates in July, though it is widely expected to pause hikes at the conclusion of its June 13-14 meeting.<\/p>\n\n\n\n<p>But worsening economic data may also limit how many further rate increases the U.S. central bank is able to achieve even if inflation pressures remain high.<\/p>\n\n\n\n<p>\u201cThere is a small window of opportunity for the Fed to raise rates again, whether it&#8217;s June or July, and the market now favors July &#8230; the market doesn\u2019t think there\u2019s anything more to be done because the economy looks set to weaken,\u201d said Chandler.<\/p>\n\n\n\n<p>The euro was last up 0.75% against the dollar at $1.0779. The single currency gained despite data showing that the euro zone economy was in a technical recession in the first three months of 2023. It got as high as $1.07870, the highest since May 24.<\/p>\n\n\n\n<p>The greenback fell 0.87% to 138.94 yen.<\/p>\n\n\n\n<p>The\u00a0dollar index, which measures the currency against six major peers, was down 0.67% to 103.33 and got as low as 103.29, the lowest since May 23.<\/p>\n\n\n\n<p>The Canadian\u00a0loonie\u00a0was slightly stronger after the Bank of Canada surprised traders on Wednesday by raising interest rates to 4.75%, a 22-year high. The greenback was last down 0.09% at C$1.3358.<\/p>\n\n\n\n<p>The Australian dollar also gained after the Reserve Bank of Australia on Tuesday raised the cash rate to an 11-year high of 4.1%. It was up 0.91% at $0.6714.<\/p>\n\n\n\n<p>The European Central Bank is expected to raise rates by 25 basis points (bps) when it meets next Thursday, to be followed by another 25-bps increase in July, taking rates to 3.75%.<\/p>\n\n\n\n<p>The dollar tumbled 1.20% against the Swiss franc to 0.899, the lowest since May 23.<\/p>\n\n\n\n<p>Swiss National Bank Chairman Thomas Jordan repeated his commitment to fight &#8220;stubborn&#8221; inflation on Thursday in his final public appearance before the central bank announces its next interest rate decision.<\/p>\n\n\n\n<p>The greenback also dropped 1.45% against the Norwegian krone to 10.89, the lowest since May 22.<\/p>\n\n\n\n<p>========================================================<\/p>\n\n\n\n<p>Currency bid prices at 3:00PM (1900 GMT)<\/p>\n\n\n\n<p>Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid<\/p>\n\n\n\n<p>Previous Change<\/p>\n\n\n\n<p>Session<\/p>\n\n\n\n<p>Dollar index 103.3300 104.0400 -0.67% -0.155% +104.0700 +103.2900<\/p>\n\n\n\n<p>Euro\/Dollar $1.0779 $1.0699 +0.75% +0.60% +$1.0787 +$1.0698<\/p>\n\n\n\n<p>Dollar\/Yen 138.9350 140.1600 -0.87% +5.97% +140.2250 +138.8150<\/p>\n\n\n\n<p>Euro\/Yen 149.75 149.93 -0.12% +6.74% +150.0400 +149.6000<\/p>\n\n\n\n<p>Dollar\/Swiss 0.8992 0.9102 -1.20% -2.75% +0.9107 +0.8992<\/p>\n\n\n\n<p>Sterling\/Dollar $1.2555 $1.2439 +0.94% +3.83% +$1.2558 +$1.2438<\/p>\n\n\n\n<p>Dollar\/Canadian 1.3358 1.3371 -0.09% -1.41% +1.3388 +1.3334<\/p>\n\n\n\n<p>Aussie\/Dollar $0.6714 $0.6653 +0.91% -1.51% +$0.6718 +$0.6652<\/p>\n\n\n\n<p>Euro\/Swiss 0.9693 0.9736 -0.44% -2.04% +0.9761 +0.9692<\/p>\n\n\n\n<p>Euro\/Sterling 0.8583 0.8599 -0.19% -2.95% +0.8613 +0.8585<\/p>\n\n\n\n<p>NZ $0.6095 $0.6037 +0.95% -4.02% +$0.6099 +$0.6033<\/p>\n\n\n\n<p>Dollar\/Dollar<\/p>\n\n\n\n<p>Dollar\/Norway 10.8940 11.0490 -1.45% +10.95% +11.0530 +10.8890<\/p>\n\n\n\n<p>Euro\/Norway 11.7444 11.7972 -0.45% +11.92% +11.8355 +11.7295<\/p>\n\n\n\n<p>Dollar\/Sweden 10.8007 10.8872 -0.14% +3.78% +10.9009 +10.7900<\/p>\n\n\n\n<p>Euro\/Sweden 11.6380 11.6545 -0.14% +4.38% +11.6860 +11.6281<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost14805\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost14805').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; The dollar fell on Thursday after data showed that U.S. jobless claims rose more than expected in the latest week, though the market was generally viewed as consolidating ahead of key inflation data and the Federal Reserve\u2019s interest rate decision next week. The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1\/2 years last week with a 28,000-claim jump to a seasonally adjusted 261,000. Economists polled by Reuters had forecast 235,000 claims for the latest week. \u201cClaims (were) a bit higher than expected,\u201d said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, but [&hellip;]<\/p>","protected":false},"author":13,"featured_media":14809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":{"0":"post-14805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/posts\/14805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/comments?post=14805"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/posts\/14805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/media\/14809"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/media?parent=14805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/categories?post=14805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/ja\/wp-json\/wp\/v2\/tags?post=14805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}