Kiwi declines after weak inflation data
New Zealand dollar fell on Thursday against most major rivals following weak inflation data.
Government data showed New Zealand's consumer prices rose 6.7% y/y in the first quarter of the year, below estimates of 7.1%, and down from 7.2% in the previous quarter.
Kiwi fell 0.4% against US counterpart as of 19:04 GMT to 0.6173.
Aussie
AUD/USD fell 0.5% to 0.6743 as of 19:04 GMT.
Dollar
The dollar index fell 0.1% as of 18:48 GMT to 101.8, with a session-high at 102.1, and a low at 101.6.
Earlier US data showed unemployment claims rose to 245 thousand week, above estimates of 240 thousand.
Markets continue to assess the impact of the latest US inflation data, which likely shows the Federal Reserve will increase interest rates by 0.25% in May.
New York Fed President John Williams said inflation remains an issue in the US, and vowed the Fed will move to suppress it.
Atlanta Fed President Raphael Bostic said the Federal Reserve still needs to increase interest rates by 25 basis points in May.
He said after such a decision, the Fed might cease any such moves and hold rates for a long term as it assess the policy's impact on the economy.
Gold reverses higher as dollar, US treasury yields decline
Gold prices rose on Thursday as the dollar declined against most major rivals while US treasury yields dropped as well.
Corporate Results
Tesla reported forecast-beating earnings yesterday, however net income tumbled in the first quarter of the year.
Such data hurt tech stocks on Wall Street today, as markets now await a spate of other results from tech companies, chief of which Amazon, Apple, Microsoft, and Alphabet.
Data & the Fed
Earlier US data showed unemployment claims rose to 245 thousand week, above estimates of 240 thousand.
Markets continue to assess the impact of the latest US inflation data, which likely shows the Federal Reserve will increase interest rates by 0.25% in May.
New York Fed President John Williams said inflation remains an issue in the US, and vowed the Fed will move to suppress it.
Atlanta Fed President Raphael Bostic said the Federal Reserve still needs to increase interest rates by 25 basis points in May.
He said after such a decision, the Fed might cease any such moves and hold rates for a long term as it assess the policy's impact on the economy.
The dollar index fell 0.1% as of 18:48 GMT to 101.8, with a session-high at 102.1, and a low at 101.6.
Gold spot prices rose 0.5%, or $10.5 to $2,017.8 an ounce as of 18:49 GMT.
Wall Street driven lower by tech sector
US stock indices declined on Thursday following a batch of disappointing data and following corporate results.
Tesla reported forecast-beating earnings yesterday, however net income tumbled in the first quarter of the year.
Earlier US data showed unemployment claims rose to 245 thousand week, above estimates of 240 thousand.
Markets continue to assess the impact of the latest US inflation data, which likely shows the Federal Reserve will increase interest rates by 0.25% in May.
New York Fed President John Williams said inflation remains an issue in the US, and vowed the Fed will move to suppress it.
Atlanta Fed President Raphael Bostic said the Federal Reserve still needs to increase interest rates by 25 basis points in May.
He said after such a decision, the Fed might cease any such moves and hold rates for a long term as it assess the policy's impact on the economy.
On trading, Dow Jones fell 0.4%, or 154 points to 33,743, while S&P 500 declined 0.5%, or 20 points to 4,134, as NASDAQ slid 0.3%, or 40 points to 12,115.
