These data came on the heels of disappointing US GDP data on Wednesday, which showed a sharper contraction of 2.9% in the first quarter.
The US initial jobless claims came in at 312,000 in the week ended
Inflation looks likely to rise back to 2% later this year, allowing the Fed to hike interest rates by the end of the first quarter 2015, St. Louis Fed President
Bullard added that the nation's economic growth is strong enough to withstand the effect of interest rate hike and the Fed is moving closer to its goals than the markets realize.
The greenback declined to 101.31 against the yen, a level not seen since
The greenback that closed Thursday's trading at 0.8935 against the franc slipped to a 2-day low of 0.8918. If the greenback-franc pair extends its slide, 0.885 is seen as next possible downside target level.
The greenback hit a 1-week low of 1.7051 against the pound, compared to 1.7023 hit late
The greenback ticked down to 1.3628 against the euro, compared to yesterday's closing quote of 1.3609. Further weakness may take the greenback to a support around the 1.37 region.
The greenback dipped to 1.0677 against the loonie, a level not seen since
The greenback slipped to 0.9440 against the aussie, setting a 4-day low, which may be compared to yesterday's closing value of 0.9412. An extension of decline may lead the greenback to a support at the 0.95 mark.
German preliminary CPI for June is to be released at
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