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    Forex News from New Forex: Greenback drops against the euro after unemployment data

    On Friday, June 17, the US dollar loses ground versus the euro. Weak data from the US reduce attractiveness of the greenback. Information on jobless claims was released yesterday and last week the number increased by 13 000 to 277 000 instead of expected decline to 270 000. The consumer price index for May shed from 1.1% to 1.0% year on year. Today investors wait for new data in the construction sector.

    The pair euro/dollar picked up 0.33% to 1.126. USD/JPY climbed 0.09% to 104.32. The Japanese currency surged 2.5% this week hitting 103.55 yesterday, a high since August 2014. It is highly likely that the yen will hold its uptrend and go to 102 against the US dollar.

    The Australian and the New Zealand dollar rose 0.41% and 0.11% respectively. The dollar index lost 0.25% to 94.53.

    American indexes stay in the green zone. The Dow Jones Industrial jumped 0.53%, the S&P 500 added 0.31%.

    NewForex Analyst

    David Fineberg

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