Dollar inches down after unexpected drop in jobless claims

The dollar inched down after a report showing U.S. initial jobless claims unexpectedly rose last week.

The weekly labor report showed that first-time applicants for jobless benefits soared to 315,000 in the week ended September 6 from an upwardly revised of 304,000. Analysts had predicted a drop to 300,000.  

The data may raise concerns the Fed may postpone any plans to raise interest rates soon.  

The dollar index, which tracks the green currency’s movements versus a basket of major currencies, inched down to hover around 84.16 after setting a high of 84.33.

A report due tomorrow may signal U.S. retail sales by the most in four months in August.

The USDJPY pared some of its earlier gains to trade around 106.91 after climbing to a new high of 107.14.

The British pound resumed its advance for a second day, doing attempts to start an upside correction after falling to a 10-month low versus the U.S. dollar.  

BOE Governor Mark Carney said on Wednesday the point at which interest rates need to rise has moved closer.

The GBPUSD is meanwhile trading around 1.6245 while recorded a high of 1.6262 and a low of 1.6184.

The EURUSD rose to 1.2936 after touching a low of 1.2895.