Breaking News

Dollar rebounds as unemployment claims revisit a 42-year low

News Date: 15/10/2015 10:06:26

 European indexes rose on Thursday in tandem with their Asian counterparts. As of 13:28 GMT, the British FTSE 100 is up 62 points, or 1% to 6,332. Germany's DAX is up 136 points, or 1.40% to 10.053. France's CAC 100 is up 50 points, or 1.09% to 4,659.


U.S. indexes opened high, with Dow Jones up 25 points, or 0.15% to 16,950. NASDAQ is up 16 points, or 0.34% to 4,799. S&P 500 is up 6 points, or 0.33% to 2,000.


Crude oil was down due to worries of a large inventory build up in the U.S., with Brent crude futures for December down 36 cents, or 0.69% to $49.35 a barrel. U.S. oil futures are down a heftier 1.93%, or 91 cents to $46.29 a barrel.


Dollar clawed back some of its lost territories, as unemployment claims in U.S. retouched a 42-year low last week to come at 255K. Forecasters expected 269K claims. Also impacting it, U.S. Consumer Price Index for September fell 0.2% m\m, along with the forecasts. Core consumer index -which strips put volatile food and energy prices- rose 0.2% however, beating forecasts of a 0.1% rise.


The Dollar index (DXY) was up 0.56% to 94.50. Dollar erased all of its yesterday's losses against Euro, rising 0.80% to trade at 1.1383. Against Sterling it rebounded to 1.5429. It pushed back against the bullish Yen to 118.63 after falling earlier to 118.07.


Yen rose against Sterling to 182.94. Against Euro it shot to 134.92.


Spot gold is up two dollars, or 0.15% to $1,181 an ounce. Silver fell 4 cents to $16.07 an ounce.


Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News