Palladium falls for first time in nine sessions

Palladium fell nearly one percent in American trade away from February 27 highs as the dollar index traded mostly flat, following earlier data from the US, the world's largest economy, and ahead of a speech by Federal Reserve Bank of Cleveland President Loretta Mester.

As of 01:50 GMT, palladium fell 0.94% to $1,026.90 an ounce from the opening of $1,036.62, marching away from seven-week highs, while the dollar index inched down 0.04% to 89.59 from the opening of 89.62. 

Federal Reserve Governor Lael Brainard spoke earlier today about regulatory reform at the Global Finance Forum, in Washington DC, while earlier today showed unemployment claims fell 1 thousand to 232 thousand from 233 thousand, above expectations of 230K. 

The Philly Manufacturing Index rose to 23.2 from 22.3 in March, beating expectations of 20.8, while Federal Reserve Governor Randal Quarles testified on supervision and regulation before the Senate Banking Committee, in Washington DC.