Dollar Mixed Ahead Of Inflation Data

The dollar is turning in a mixed performance against its major rivals Thursday afternoon, but is little changed overall. Weekly jobless claims came in better than expected this morning, while producer prices were in line with expectations. Traders are looking forward to the release of the consumer price index tomorrow morning, as well as retail sales and consumer sentiment.

First-time claims for U.S. unemployment benefits fell by more than anticipated in the week ended October 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 243,000, a decrease of 15,000 from the previous week's revised level of 258,000.

Economists had expected jobless claims to dip to 251,000 from the 260,000 originally reported for the previous week.

Partly reflecting another jump in energy prices, the Labor Department released a report on Thursday showing that U.S. producer prices increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand climbed by 0.4 percent in September after edging up by 0.2 percent in August.

The dollar has climbed to around $1.1840 against the Euro Thursday afternoon, from an early low of $1.1879.

Eurozone industrial output expanded at...

4 Published By - instaforex - 2017.10.12. 21:42
Share |