The dollar suffered its biggest one-day slump in more three weeks on Wednesday, after President Trump told the Wall Street Journal, he thinks the currency (dollar) is “getting too strong” and favored a low interest rate environment.
In a preliminary report, the University of Michigan said its consumer sentiment index climbed to 98.0 this month from 96.9 in February, confounding expectations for a fall to 96.5.
The pair was likely to find support at 1.3162, the low of February 28 and resistance at 1.3341, Wednesday’s high.
The U.S. Labor Department said that initial jobless claims fell by 1,000 to 234,000 for the week ended April 8 from the prior week's revised 235,000. Analysts had expected jobless claims to rise to 245,000 last week.
The greenback initially weakened after U.S. President Donald Trump told the Wall Street Journal that the dollar "is getting too strong"
Trump's pre-empting of the Treasury Department's semi-annual report on such matters undoubtedly eased some concerns of an imminent trade war with China, but Washington has already opened up new fro
In an interview in the Wall Street Journal Trump said Wednesday the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low.
The dollar index, which tracks the greenback against a basket of six trade-weighted peers, fell 0.6 percent to 100.07. U.S. Treasury yields s
The Australian Bureau of Statistics said the number of employed people increased by 60,900 in March, blowing past expectations for an increas
In Australia, the central bank will released its Financial Stability Review with comment that banks were in sounsd shape overall, but that high houing prices could prompt a look at tightening lending rules to avoid instability.