US Dollar Hurt by Philly Fed Manufacturing Index, Buoyed by Jobless Claims

Jun 21,2019 02:10   Source:Earnforex
The US dollar is trading downwards one day after the Federal Reserve left interest rates unchanged, but the central bank leaving the door open to a future rate cut should the data support a move might be driving down the dollar. The greenback declined more on the Philadelphia Federal Reserve Bank manufacturing survey, though its descent was capped by lower-than-expected jobless claims. According to the Bureau of Labor Statistics (BLS), the number […]

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