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.
- EUR/USD was around 1.1765, leaning lower amid unimpressive inflation figures.
- USD/JPY was up to around 113.15, stabilizing after the big fall earlier in the week.
- GBP/USD is rising to 1.32. Upbeat retail sales numbers helped the pound.
- USD/CAD was around 1.2770. The loonie struggled as oil prices slid from the highs. Canada released its manufacturing sales, foreign securities purchases, and also saw the first Canadian ADP jobs report.
- AUD/USD was around 0.7585. The Australian jobs report was mixed.
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.
The US will publish the industrial output data at 14:15 GMT (9:15 ET).Get the 5 most predictable currency pairs