Safe haven currency US dollar stronger and gains against other major currencies on Thursday, after data showed that U.S. personal spending rose at the fastest rate since August 2009 and U.S. jobless claims rose slightly less than expected last week. It brings the US Dollar index also raised
As reported by The Commerce Department, they said that personal spending rose by 0.9% in May, above expectations for a gain of 0.7%. Personal spending rose 0.1% in April, whose figure was revised up from a previously reported flat reading.The report also showed personal income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April. Good data brings The Federal Reserve confidence to raising the interest rate
Meanwhile the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to 271,000 from the previous week's total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.
Positive data and initial jobless claims brings The U.S dollar index which measures the greenback's strength against a trade-weighted basket of six major currencies, was steady at 95.55, after hitting highs of 95.70 earlier in the day.
European Union single currency EUR/USD was down 0.08% to 1.1195, after falling to lows of 1.154 earlier in the session as Greece debt talks tensions elevated
As reported before, Late night talks between Greek Prime Minister Alexis Tsipras, the European Commission, the European Central Bank and the International Monetary Fund ended without agreement on Wednesday. Zero results, next step for debt talks, Discussions were expected to resume in Brussels on Thursday morning, ahead of a Eurogroup meeting of euro zone finance ministers scheduled later in the day. Discuss the debts and more extension program
Greek prime minister Alexis Tsipras had told associates on Wednesday that some of Greece's latest proposed reform measures had not been accepted by creditors. Greece is close to default, Greece has to repay € 1.6 billion to the IMF on June 30 or face going into default, which could trigger the country's exit from the European Union
From British currency The pound sterling turned higher, with GBP/USD up 0.10% at 1.5723. Meanwhile global safe haven currency the dollar was lower against the Asian safe haven currency Japanese yen, with USD/JPY down 0.08% to 123.74 and higher against the Swiss franc, with USD/CHF climbing 0.64% to 0.9397. good sign for long-term investment in US dollar as a safe haven currency
As reported by The Commerce Department, they said that personal spending rose by 0.9% in May, above expectations for a gain of 0.7%. Personal spending rose 0.1% in April, whose figure was revised up from a previously reported flat reading.The report also showed personal income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April. Good data brings The Federal Reserve confidence to raising the interest rate
Meanwhile the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to 271,000 from the previous week's total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.
Positive data and initial jobless claims brings The U.S dollar index which measures the greenback's strength against a trade-weighted basket of six major currencies, was steady at 95.55, after hitting highs of 95.70 earlier in the day.
European Union single currency EUR/USD was down 0.08% to 1.1195, after falling to lows of 1.154 earlier in the session as Greece debt talks tensions elevated
As reported before, Late night talks between Greek Prime Minister Alexis Tsipras, the European Commission, the European Central Bank and the International Monetary Fund ended without agreement on Wednesday. Zero results, next step for debt talks, Discussions were expected to resume in Brussels on Thursday morning, ahead of a Eurogroup meeting of euro zone finance ministers scheduled later in the day. Discuss the debts and more extension program
Greek prime minister Alexis Tsipras had told associates on Wednesday that some of Greece's latest proposed reform measures had not been accepted by creditors. Greece is close to default, Greece has to repay € 1.6 billion to the IMF on June 30 or face going into default, which could trigger the country's exit from the European Union
From British currency The pound sterling turned higher, with GBP/USD up 0.10% at 1.5723. Meanwhile global safe haven currency the dollar was lower against the Asian safe haven currency Japanese yen, with USD/JPY down 0.08% to 123.74 and higher against the Swiss franc, with USD/CHF climbing 0.64% to 0.9397. good sign for long-term investment in US dollar as a safe haven currency
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