Dollar little changed as Treasury yields dip, economic data disappoints

Published by
Reuters UK

By Stephen Culp NEW YORK (Reuters) – The dollar pared earlier gains on Thursday as this week’s upward trajectory of in U.S. Treasury yields took a breather. The greenback edged lower after weekly applications for unemployment insurance unexpectedly jumped to a three-month high. A separate report showed that sales of pre-owned U.S. homes dropped by 4.6% in December, more than analysts anticipated. “The dollar’s been soft this year,” said Marc Chandler, chief market strategist at Bannockburn Forex in New York. “The U.S. economy is facing big headwinds, which is why I’m not nearly as progressive …

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