No news is good news for the US dollar, that continues riding the hike. And in this case, a better than expected jobs figure is always welcome: 271K in jobless claims. Not all is perfect of course: the Philly Fed Manufacturing Index dropped to negative ground at -5.9 points and the US current account came out at a slightly wider deficit than expected: 124 billion.
Nevertheless, the greenback has awakened.
US jobless claims were expected to slide to 275K after 282K last week. The Philly Fed Index was expected to stay on positive ground.
The greenback showed strength, continuing to enjoy the back wind of the historic rate hike and the ongoing successful implementation of it.
The Fed not only raised rates but also left the door open for quite a few additional ones in 2016.
EUR/USD was grinding towards support at 1.0830, USD/JPY advanced after conquering 122.20 and GBP/USD dropped to support at 1.49 despite good retail sales data.
Fed decision – All the Updates
