Dollar up after weekly unemployment claims, January 11 2013

U.S. dollar

The American dollar was traded higher against its major competitives in today’s Asian trade, after a flow of central bank news and negative weekly jobless claims number occurred during the U.S. session yesterday.

During the Asian trading session today, EURUSD reached the level 1.3253, after it increased with 1.15% reaching one-week high yesterday.

The euro rose even after the European Central Bank, as it was expected, determined the interest rates at the same rate. Some investors awaited some hints from ECB President Mario Draghi that rate cuts may be on the docket later this year.

Currency pair GBPUSD moved down with 0.13% to the level of 1.6148 after the Bank of England held its benchmark interest rate on hold at the level of 0.5% and kept the amount of its asset purchase program at GBP375 billion yesterday, in a long-expected decision.

The dollar found support by a negative weekly jobless claims report released during yesterday’s U.S. session.

U.S. economic news showed that initial claims for unemployment benefits increased to 371,000 last week compared to 367,000 in the preceding week. This was the fourth consecutive week of higher readings. Experts has prognosis for reading of 365,000 new claims. The less volatile four-week moving average moved up to 365,750 compared to 359,000.

The pair USDJPY was traded at 88.96 followed by some Japanese economic news. Official data from yesterday indicated that Japan’s current account balance increased less than it was supposed last month.

At the same time, USDCHF rose to the level 0.9157 while USDCAD moved up with 0.07% to the level 0.9841. Due to the fact that the risk appetite during today’s Asian trade, AUDUSD was traded at 105.72 while NZDUSD decreased to 0.8426. The American Dollar Index moved up with 0.11% to 79.92.

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