NEW YORK (CNNMoney.com) -- The dollar slipped against the euro and the pound Thursday but rose against the yen as investors digested mixed U.S. economic news.
What prices are doing: The dollar edged 0.2% lower on the euro to $1.3678 and fell 0.6% versus the pound to $1.5036. The buck was flat against the yen at ¥90.52.
The dollar was higher against the yen and the pound Wednesday, and lower on the euro.
What's moving the market: Investors weighed mixed U.S. economic data on jobless claims and the trade balance.
The Commerce Department said the trade deficit narrowed to $37.3 billion in January from $39.9 billion a month earlier. Economists expect the trade deficit to increase to $41 billion from $40.2 billion in December.
But the report also showed that exports fell for the first time in almost a year and imports slipped 1.7%, the largest decline in 11 months.
The Labor Department's report on claims for unemployment insurance showed that while initial claims fell by a modest 6,000 to 462,000, continuing claims jumped by 37,000, highlighting the labor market's long-term unemployment challenges.
Economists surveyed by Briefing.com expect initial claims to fall to 460,000, with continuing claims remaining unchanged at 4.5 million.
What analysts are saying: While the smaller trade deficit should boost the dollar, fewer imports and exports weighed on the greenback.
Forex.com chief currency strategist Brian Dolan said investors will keep currency trading in a tight range ahead of U.S. retail sales data due Friday.
He added that concerns over Greece's debt situation will curb gains in the euro and the pound.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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