US Dollar eases slightly ahead of US macro data dump

📆 6/27/2024 7:48 AM

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📆 6/27/2024 7:48 AM
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The US Dollar (USD) trades a touch softer on Thursday following Wednesday’s significant increase and as the Japanese Yen (JPY) seems to be recovering slightly from the recent losses. Japanese Finance Minister Shunichi Suzuki said that the government

The US Dollar trades overall in the red against most major peers. A massive data dump is expected at 12:30 GMT with US GDP, Durable Goods, and weekly Jobless Claims. The US Dollar index hovers around 106.00, clinging onto Wednesday’s gains. The US Dollar trades a touch softer on Thursday following Wednesday’s significant increase and as the Japanese Yen seems to be recovering slightly from the recent losses.

Weekly Jobless Claims for the week ending June 14th: Initial Jobless Claims are expected to decline slightly to 236,000 from 238,000. Continuing Claims are seen heading to 1,820,000 from 1,828,000. Pending Home Sales for May, due at 14:00 GMT, should jump out of contraction, from -7.7% to 2.5%. At 15:00 GMT, the Kansas Fed Manufacturing Activity Index for June will be released. The previous print was at -1. Equities are struggling yet again.

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