The US dollar rose on Thursday, after the release of upbeat economic data, and boosted its gains ahead of the US monthly jobs report.
The US Department of Labor unveiled that the unemployment claims were at 745,000 last week, better than forecasts of 750,000.
The department will unveil the monthly jobs report tomorrow, which provides insight on the US labor market and the unemployment rate during February.
The yield of the US 10-year Treasury held at 1.47% today, after rising to a 1-year high of 1.6% last Friday
The dollar index rose against a basket of major currencies by 0.7% to 91.6 points as of 18:53 GMT, after hitting a high of 91.6 points and a low of 90.9 points.
US stock indices fell on Thursday, paring their early gains after upbeat economic data, and turned lower following Federal Reserve Chairman' comments about inflation.
The US Department of Labor unveiled that the unemployment claims were at 745,000 last week, better than forecasts of 750,000.
The department will unveil the monthly jobs report tomorrow, which provides insight on the US labor market and the unemployment rate during February.
Federal Reserve Chairman Jerome Powell said that he expects some inflationary pressures in the time ahead but they likely won't be enough to spur an interest rates hike.
To the oil market, WTI crude April futures rose 4.2% or $2.55, and closed at $ 63.83 a barrel, after hitting a high of $64.8 and a low of $60.5.
Brent May futures rose 4.2% or $2.67, and closed at $ 66.74 a barrel, after hitting a high of $67.8 and a low of $63.3.
As for stocks, Dow Jones fell 1.1% or 346 points, and closed at 30,924, with a day high of 31,461, and a low of 30,547.
Nasdaq fell 2.1% or 274 points to 12,723 points, with a high of 13,068 and a low of 12,553 points.
S&P 500 fell 1.3% or 51 points to 3,768, after hitting a high of 3,843 and a low of 3,723.
Gold prices fell during trading today, Thursday, amid the rise of the dollar against most of the major currencies, as well as the issuance of statements by Federal Reserve Chairman, "Jerome Powell."
The US Department of Labor unveiled that the unemployment claims were at 745,000 last week, better than forecasts of 750,000.
The department will unveil the monthly jobs report tomorrow, which provides insight on the US labor market and the unemployment rate during February.
Federal Reserve Chairman Jerome Powell said that he expects some inflationary pressures in the time ahead but they likely won't be enough to spur an interest rates hike.
The dollar index rose against a basket of major currencies by 0.7% to 91.6 points as of 19:46 GMT, after hitting a high of 91.6 points and a low of 90.9 points.
Gold April futures fell 0.9% or $15.1, and closed at $1,700.7 an ounce, with today’s high at $1,721.6, and the low at $1,687.6.
Oil prices rose on Thursday, lifted by the OPEC-Plus decision, which pushed oil to its highest levels since April 2019.
OPEC and independent producers to keep the current oil production levels until the end of April.
OPEC-Plus agreed to continue working on these production levels of March until the end of April, but Russia and Kazakhstan are allowed to lift production by 130,000 barrels and 20,000 barrels per day, respectively.
Saudi Arabia has also extended its 1 million barrels per day voluntary production cut until the end of April instead of March.
As of 17:18 GMT, WTI crude April futures rose 5.7% to $64.8 a barrel, after hitting a high of $64.8 and a low of $60.5.
Brent May futures rose 5.6% to $67.6 a barrel, after hitting a high of $67.8 and a low of $63.3.