U.S. Dollar Extends Rally Against Yen, Euro After Weekly Jobless Claims
December 18 2014 - 9:13AM
RTTF2
The U.S. dollar resumed early rally against the euro and the yen
in New York morning deals on Thursday, as initial jobless claims in
the U.S. saw an unexpected decrease in the week ended December
13th.
According to a report released by the Labor Department, the
jobless claims slipped to 289,000, a decrease of 6,000 from the
previous week's revised level of 295,000.
The drop came as a surprise to economists, who had expected
jobless claims to inch up to 295,000 from the 294,000 originally
reported for the previous week.
The greenback rose to a 1-week high of 119.23 against the yen
and a 10-day high of 1.2265 against the euro, up from Wednesday's
closing values of 118.60 and 1.2340, respectively. The next
possible resistance for the greenback may be found around 120.00
against the yen and 1.21 against the euro.
US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Apr 2023 to Apr 2024