US jobless claims, Philly Fed, import prices all disappoint – USD ticks down


US weekly jobless claims are up to 249K, disappointing expectations. Import prices are only up by 0.2%, also short of predictions. Philly Fed Manufacturing Index completes the losing streak by falling to 22.7.

The US dollar is slightly weaker on the uniform misses.

The US released a load of economic indicators. The Philly Fed manufacturing index was expected to slip from 27.9 in October to 25 points in November. Weekly jobless claims were projected to drop from 239K to 235K and import prices were predicted to rise by 0.4% after 0.7% beforehand.

The US dollar was mixed ahead of the publication.

The greenback is eyeing developments in Washington. The House is expected to pass an initial tax cut deal but the Senate has its issues with the legislation.

More: USD: Stalled; Most Of Good News On US Tax Cuts Look Already Incorporated – Barclays

The US will publish the industrial output data at 14:15 GMT (9:15 ET).

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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