U.S. Dollar Falls Amid Downward Revision To GDP Data, Higher Jobless Claims
30 Mai 2024 - 3:00PM
RTTF2
The U.S. dollar declined against its major counterparts in the
New York session on Thursday, as economic growth slowed more than
previously estimated in the first quarter and jobless claims edged
up last week, raising expectations for an interest rate cut in the
near future.
Data from the Commerce Department showed that gross domestic
product climbed by 1.3 percent in the first quarter compared to the
previously reported 1.6 percent jump.
The downwardly revised increase, which was in line with
economists, compares to the 3.4 percent surge in GDP in the fourth
quarter of 2023.
Data from the Labor Department showed that initial jobless
claims rose to 219,000, an increase of 3,000 from the previous
week's revised level of 216,000.
Economists had expected jobless claims to inch up to 218,000
from the 215,000 originally reported for the previous week.
Following the data, markets are expecting a rate cut from the
Fed in November.
The greenback weakened to a 2-week low of 0.9031 against the
franc and an 8-day low of 156.36 against the yen, off its early
highs of 0.9140 and 157.67, respectively. The greenback is poised
to challenge support around 0.89 against the franc and 147.00
against the yen.
The greenback fell to 1.0845 against the euro and 1.2747 against
the pound, from an early more than 2-week high of 1.0788 and a
6-day high of 1.2680, respectively. The greenback is seen finding
support around 1.10 against the euro and 1.29 against the
pound.
The greenback declined to 0.6647 against the aussie, 1.3660
against the loonie and 0.6131 against the kiwi, from an early more
than 2-week high of 0.6590 and 6-day highs of 1.3734 and 0.6088,
respectively. The currency may locate support around 0.68 against
the aussie, 1.34 against the loonie and 0.63 against the kiwi.
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Août 2024 à Sept 2024
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Sept 2023 à Sept 2024