Investing.com - The U.S. dollar was broadly higher against the
other major currencies on Friday, as data showing that U.S. initial
jobless claims fell to the lowest level since January 2008 last
week continued to support demand for the greenback.
During European morning trade, the dollar was higher against the
euro, with EUR/USD slipping 0.11% to 1.3029.
On Thursday, the Department of Labor said the number of individuals
filing for unemployment assistance in the U.S. last week fell by
4,000 to a seasonally adjusted 323,000, compared to expectations
for an increase of 8,000 to 335,000.
Jobless claims for the preceding week were revised up to 327,000
from a previously reported increase of 324,000.
The data, coming after last week's stronger than expected U.S.
nonfarm payrolls report, eased concerns over a slowdown in the
Earlier Friday, official data showed that Germany trade surplus
narrowed less-than-expected in March, falling to EUR17.6 from a
surplus of EUR17.7 billion the previous month.
Analysts had expected the trade surplus to narrow to EUR16.5
billion in March.
The greenback was also higher against the pound, with GBP/USD
edging down 0.11% to 1.5433.
Elsewhere, the greenback was higher against the yen and the Swiss
franc, with USD/JPY climbing 0.68% to trade at 101.30, and with
USD/CHF climbing 0.63% to 0.9541.
In Japan, official data showed that Japan's current account swung
into a surplus of JPY0.34 trillion in Japan, from a deficit of
JPY0.03 trillion the previous month.
Analysts had expected the current account to rise to a surplus of
JPY0.48 trillion in March.
The greenback was higher against its Canadian, Australian and New
Zealand counterparts, with USD/CAD adding 0.26% to 1.0094, AUD/USD
declining 0.46% to 1.0044 and NZD/USD retreating 0.62% to 0.8337.
Earlier Friday, the minutes of the Reserve Bank of Australia's
latest policy meeting showed that policymakers lowered its
inflation forecast following an interest rate cut this week.
On May 7, the RBA lowered its benchmark interest rate to a record
The dollar index, which tracks the performance of the greenback
versus a basket of six other major currencies, was up 0.22% to
Later in the day, the U.S. was to release data on the federal
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