The US dollar slipped today as the concerns for the global economic recovery eased and the demand for the safer currencies decreased after the positive macroeconomic data from the US was released, but the currency gradually returns to the levels at which it started today’s trading session.
The claims for the jobless benefits decreased from 478,000 to 451,000 last week. The median forecast was 470,000. The deficit of the US trade balance shrank to $42.8 billion in July. In June it was $49.8 billion and the analysts predicted the $47.4 billion figure.
There is not much macroeconomic data from the US this week. But the data that was released signaled the US economy is in better condition than was thought. The outlook for the global growth was improved by this data but remains rather grim.
EUR/USD went down from 1.2719 to 1.2707 as of 16:00 GMT after it jumped to 1.2764. USD/JPY currency pair traded near its opening level of 83.86.
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