U.S. markets mixed after weak claims data; Dollar favoured

Reported by FXstreet.com on Thursday, 22 October 2009 (on October 22, 2009)

FXstreet.com (Barcelona) - U.S markets are mixed after a negative opening on Thursday on the back of weak than expected jobless claims data. Dollar, stronger against Euro and Pound.Dow Jones Index edges 0.2% up, while the Nasdaq Index declines 0.6%, and the S&P Index sheds 0.2% in the first hour of trading.On the macroeconomic front U.S. initial jobless claims have risen by 11k in the week of October 17, while the market was expecting an increase of around 2K. Furthermore, U.S. Leading Index has risen 1.0% in September, after a revised 0.4% increase in August. Dollar trims yesterday's losses EUR/USD has retreated from 1.5045 high on Wednesday, to intra-day low at 1.4940 during European session, and and recovery attempts have been capped at 1.5000 so far. At the moment, the Euro trades at 1.4985.GBP/USD has declined from yesterday's high at 1.6635, to intra-day low at 1.6485 during European session., and recovery attempt has been capped below 1.6600.USD/JPY has continued advancing higher on U.S. session and after bouncing at 91.12., the pair has broken above 91.60 to hit a fresh 4-week high at 91.70.For more information, read our latest forex news.

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