The U.S. dollar inched up on Thursday as jobless claims came in higher than expected and traders held onto hope that the U.S. and China can avoid escalating trade tensions.
The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, rose 0.1% to 95.790 by 11:11 AM ET (15:11 GMT).
Initial jobless claims rose 10,000 to a seasonally adjusted 227,000 for the week ending June 22, the Labor Department said. Economists were looking for a smaller rise to 220,000.
Meanwhile, the dollar was flat against the safe-haven Japanese yen, with USD/JPY at 107.80, as investors wait for U.S. President Donald Trump and Chinese President Xi Jinping to meet Saturday on the sidelines of the G20 summit.
The South China Morning Post reported the two have agreed to a truce ahead of the meeting, while The Wall Street Journal reported that Xi is expected to present Trump with a list of demands, including lifting the ban on U.S. companies selling to Huawei.
Elsewhere, the euro was flat, with EUR/USD at 1.1363, while GBP/USD slipped 0.2% to 1.2665 and USD/CAD fell 0.1% to 1.3110.
Source : Investing.com
RELATED NEWS
Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election
Wednesday, 11 December 2019 16:12 WIBThe pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesd...
Pound Slips on UK Poll Projections, Dollar Eyes Fed
Wednesday, 11 December 2019 09:25 WIBThe British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnso's Conservative Party in an election later in the week, while U.S. dollar movement looked to the Federal Reserve's policy meeting. Investors were also focusing on what U.S. President Don...
Euro Steady Ahead of Fed, ECB Meetings and Expected U.S. Tariffs
Tuesday, 10 December 2019 17:26 WIBThe euro was little changed versus the dollar on Tuesday as investors were wary of a looming deadline for U.S. tariffs on China, the British election and upcoming Federal Reserve and European Central Bank meetings. The greenback was neutral against a basket of six other major currencies. This is â...
Dollar Steadies as Investors Brace for Key Risk Events
Tuesday, 10 December 2019 07:54 WIBThe dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or...
Sterling Hits 31-Month Highs, Dollar Dips
Monday, 9 December 2019 18:02 WIBThe British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday™s U.K. elections, which would end political paralysis on Brexit. The euro touched a low of 0.8406 against sterli...
Gold prices end higher for first time in 3 sessions
Gold Prices Step Higher as Ahead of Fed Meeting, Buoyed by Weaker Buck
China's Blue-Chips End Lower After Weak Export Data
Hong Kong Stocks Finish In The Red (Review)
Stock market books back-to-back loss as tariffs worries linger
Tokyo Stocks Open Higher as US Fed Keeps Rates Unchanged
Thursday, 12 December 2019 07:30 WIB
Tokyo stocks opened higher on Thursday after the US Federal Reserve kept interest rates unchanged as expected, with expectations that the low rate be maintained for a while.
The benchmark Nikkei 225 index was up 0.24 percent or 55.67 points at...