Dollar continues slide after weak US data

2020-05-28 19:56:16 GMT (Economies.com)
Dollar continues slide after weak US data

The US dollar fell on Thursday, deepening its losses after weak US data that showed a severe coronavirus impact on the worlds largest economy.

 

Data showed today the US GDP shrank by 5% during the first quarter of this year, lower than forecasts of contraction by 4.8%. 

 

The durable goods orders reading fell by 17.7% in April, slightly higher than forecasts of a drop by 19%.

 

While the unemployment claims reached 2.123 million vs. 2.446 million, with the total unemployed in the US exceeding 40 million in just 10 weeks.

 

The US dollar index fell 0.6% to 98.4 points as of 18:53 GMT, after it hit a high of 99.09 and a low of 98.3.

 
 
 
  Symbol Last Change Chg.%
1.1311
-0.0020
0.1730%
1.2649
0.0142
1.1390%
Tadawul
7416.67
22.41
0.30%
18.665
0.318
1.733%
40.145
-0.090
0.224%
43.00
0.65
1.53%
1798.270
12.285
0.688%
 
 
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