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Dollar Unmoved as Event Risk Limits Activity


Thursday, 9 April 2020 15:57 WIB

Indeks DolarDolar ASGBP/USDEUR/USDUSD/JPY,


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The U.S. dollar was largely unchanged Thursday, with activity in the foreign exchange market subdued as investors hold fire amid abundant near term event risk.

At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.165, largely flat, while EUR/USD rose 0.1% to 1.0861 and GBP/USD was flat at 1.2385. USD/JPY climbed 0.1% to 108.95.

The most important data release of the day will be the U.S. weekly jobless claims, at 8:30 AM ET (12:30 GMT), which has become the go-to economic indicator to capture the latest impact of the virus.

Economists are expecting that claims eased off a little from the huge 6.65 million number the week before, but will still post a rise of 5.25 million, according to forecasts compiled by Investing.com.

Source : Investing.com


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