FXstreet.com (Barcelona) - The Dollar has appreciated against its major rivals after U.S jobless claims unexpected decline and the downward revision of 3Q U.S. labour productivity figures were revised.
U.S. Jobless claims declined in the week of November 28 for the fifth consecutive time, posting a 5K decrease to 457K from upwardly revised 462K in the previous week; market analysts had forecasted an increase of around 16K.
Furthermore, U.S. productivity has been revised lower, to a 8.1% annual rate from the 9.5% previously estimated; yet above the 6.5% increase posted in the first quarter.
The EUR/USD dropped from 1.5115 to 1.5085 although the pair returned afterwards to levels above 1.5100. GBP/USD reversal from 1.6720 session high has extended below 1.6630 low and the Pound reached session low at 1.6600.
USD/JPY continues its recovery from 84.80 low on November 27, as the Dollar rose above 88.00 to hit a fresh one week high at 88.30.