US Unemployment Claims Worse Than Expected, What Speed The Fed will Taper Their Monthly Stimulus?

Hello folks, As expected the Euro traded in a very confined range against the US dollar on Thursday during the Asian session. The Euro finished the day where it opened at 1.3686 after touching highs of 1.3694 and lows of 1.3677 as investors waited on the data out overnight for guidance. 
Overnight the US dollar was weakened amidst comments from US Federal Reserve Chair Janet Yellen and softer than expected data out of the US.

Janet Yellen made reference to the poor economic data out of the US recently and stated legislators were concerned and unsure on how these figures would affect monetary policy. Yellen however did mention the rough winter weather recently experienced and said it will be hard to determine how much of an effect this would have had on the latest weak figures.

Yellen comments weighed on the US dollar as investors will have to wait on future data for an idea on what speed the Fed will taper their monthly stimulus. 

Meanwhile Unemployment claims from the US were worse than expected last night which did not help as the US dollar continued to struggle. The number of people claiming benefits rose to 348,000 from previous figures of 334,000. Forecast was for a 1,000 rise. 

Source: ozforex