The Philly Fed Index dropped to -5.8 points in January. Early expectations stood on a drop from 8.1 to 7.1 points this time.
USD/JPY traded just below 89.50, not too far from the 89.67 peak seen earlier in the week. EUR/USD traded at 1.3340, below early highs of 1.3378 beforehand. The dollar is now falling once again, erasing the previous gains.
The US reported an impressive drop in jobless claims: only 335K, the lowest in 5 years. In addition, housing starts climbed to 0.95, above expectations. This sent the dollar higher.
Only building permits came out as expected.
Further reading:Â Traders for now are comfortable buying EUR and that should not change
