The US dollar slipped lower today after data showed a slight softening of demand in the US economy.
Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.17% Ger...Durable goods revisions and US continuing jobless data soften the US dollar.The US dollar index slipped lower after the latest batch of US data showed economic activity slowing down. The final Q1 US GDP figure came in as forecast at 1.4%, while the May Durable Goods release came in slightly better-than-expected at 0.1% vs forecasts of -0.1%.
In the labor space, US continuing jobless claims – the number of unemployed workers who filed for benefits at least two weeks ago – crept higher, rising to levels last seen in November 2021.– bullish or bearish?? You can let us know via the form at the end of this piece or contact the author via TwitterLeveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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