Analyst Pin-board: US Dollar Updates
The US dollar traded lower against all of the major currencies Thursday after jobless claims topped 3.2 million. Weekly jobless claims have never been at these levels before – they are more than four times greater than the prior high set in October 1982 and double the 1.5 million forecast. In anticipation of this blowout report, Federal Reserve gave a rare broadcast interview on NBC’s Today show this morning to reassure investors that the Fed is “not going to run out of ammunition” and that it still have “policy room in other dimensions to support the economy.”
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