The greenback is seen moving mixed against major currency after the release of u.s. economic data. Investors who over the last few days are waiting for the revelation of the ECB feel quite satisfied after knowing the direction of economic policy of the European Central bank which retains the interest rates are the lowest to mengenjot economy that showed positive trend has not yet been assessed.
The decision of the Board of the ECB through the Chairman Mario Draghi on Thursday night also convey would still do QE amounting to 80 Billion Euro per month at least until March 2017 or longer until the inflation rate of the eurozone moving towards the target.
Draghi also added the UEFA market not fully strong advance after the economic turmoil caused by Brexit and current European conditions were still in the negative side which became one of the factors the ECB still maintains the same policy at a meeting Thursday afternoon local time.
The Number Of U.S. Weekly Unemployment Claims Down Thin
The U.S. Labor Department on Thursday (21/07/2016) officially released the number of weekly jobless claims reported declines of the previous period. Data on Unemployment Claims are judged good enough that try to give a boost to the Greenback strengthened created throughout the New York session this evening.
Based on data issued by the Department of Labor showed that the number of people applying for unemployment for the period up to July 15, as many as 253 k thin or decrease if compared to the previous period in the number 254 k. Unemployment Claims Data that just this release includes either due to break expectations economists earlier predicted will happen until spike 271 k.
Separately, the Federal Reserve of Philadelphia also released the July manufacturing index plummeted 2.9 percent – where contrary to the predictions of economists who predicted the Philadelphia manufacturing index rose 5 percent. Meanwhile the data June index of manufacturing city of Philadelphia was still perched on the level of 4.7 percent.
Post the release of u.s. economic data and various policies of the ECB are judged not too surprisingly make the Greenback moves mixed but tended to be strengthened against various major currencies. Pair GBP/USD move weakened since the European session last post data United Kingdom retail sales slump and is currently at level 1.3195. Meanwhile, the EUR/USD weakening back tracked and located in level 1.1011
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