Dollar Soft After US Data & Greek Talks

The US dollar was flat against the euro and fell against such majors as the Great Britain pound and the Japanese yen during Thursday’s trading. Economic data from the United States was mixed, giving the currency no edge one way or the other.
US jobless claims were relatively stable last week, and this can be considered a good sign. Growth of personal income and spending is another positive news. As for the bad part of today’s data, the manufacturing index dropped unexpectedly this month even though analysts had promised an increase. Still, the indicator showed growth of the sector, albeit at slower pace.
Meanwhile, negotiations about the Greek bailout ended without a conclusive deal yet again, though there were signs that the negotiating parties are close to reaching an agreement. Usually, the dollar rises during times of uncertainty, but this was not the case today. Still, the greenback’s drop was not big, and it looks like traders wait for the Greek story to end, whatever that end may be.
EUR/USD traded at 1.1199 as of 21:56 GMT today, not far from the opening level of 1.1202. GBP/USD climbed from 1.5703 to 1.5741 while USD/JPY declined from 123.83 to 123.65.

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