Category: Forex News, News
U.S. Dollar Gains Ground As Oil Rallies: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
U.S. Dollar Index gains some ground as traders focus on the Initial Jobless Claims report. The report indicated that 197,000 Americans filed for unemployment benefits in a week, compared to analyst consensus of 200,000. The previous report was revised from 197,000 to 199,000. The report indicated that the job market remained in decent shape.
U.S. Dollar Index continues its attempts to settle above the resistance level at 102.35 – 102.50. In case U.S. Dollar Index manages to settle above the 102.50 level, it will head towards the next resistance, which is located in the 103.15 – 103.30 range.
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