US Dollar Weakens As Economy Slows in Q4, Jobless Claims Rise

Feb 28,2019 23:07   Source:Earnforex
The US dollar weakened against a basket of currencies on Thursday, driven by a slowing national economy in the fourth quarter and a bump in jobless claims in the last week. The greenback’s losses were capped by a positive business barometer that suggested renewed activity. According to the Bureau of Economic Analysis (BEA), the gross domestic product (GDP) advanced at a 2.6% annual pace in the October-to-December period, beating market forecasts of 1.9%. While fourth-quarter GDP was higher than median […]

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