By Barbara Zigah As global investors were awaiting the U.S. Commerce Department’s release of 4th quarter GDP data, prices on U.S. stock futures were trading within tight ranges. Given the unexpected contraction in the United Kingdom’s GDP earlier today, investors appear unwilling to stick their proverbial collective neck out too far.
Tag Archives: dollar
Strong US Home Sales Fail to Lift Dollar
By David Becker The US dollar was under pressure as expectations of a rate hike from the ECB and BoE continue to rise, leading to wider interest rate differentials, and thus offsetting the dollar’s safe haven status. Existing Home Sales in the US were better than expected, but failed to increase the attractiveness of the [...]
Robust Jobless Claims Supports US Dollar
By David Becker The Department of Labor released its weekly jobless claims data on Thursday, and to the surprise of many market participants, the number of claims declined below 400,000. Initial jobless claims dropped by 36,000 to 383,000 in the week ended Feb. 5, according to the Labor Department. It was the lowest reading since [...]
