Dollar Mixed, Volatility Awaits Data
The US dollar traded mixed on Thursday (April 9) ahead of a series of US data releases, strengthening against the yen and the Canadian dollar, but weakening slightly against the euro and pound. Market focus shifted to weekly jobless claims, the third estimate of Q4 GDP, and income, spending, and price data, released at 8:30 a.m. ET, followed by wholesale inventories (10:00 a.m. ET), natural gas stocks (10:30 a.m. ET), and the Atlanta Fed's GDPNow update around noon.
In major markets, EUR/USD rose to 1.1674 from 1.1669 at the US close on Wednesday, but remained below 1.1691 at the same time Wednesday morning. There are no Eurozone data events today, with the next ECB meeting scheduled for April 30. GBP/USD rose to 1.3405 from 1.3401, but was below 1.3446 at the same time yesterday; UK consumer sentiment weakened in April, and the next Bank of England meeting is also on April 30.
USD/JPY strengthened to 159.0189 from 158.5206 at Wednesday's close, after overnight data showed Japanese household confidence fell in March, while machine tool orders grew at a faster pace. The next BoJ meeting is April 27-28. USD/CAD rose to 1.3851 from 1.3840, though it remained below 1.3868 at the same time Wednesday morning. There is no Canadian data today, and the next BoC meeting is April 29.
Source: Newsmaker.id