The dollar varied in performance against the major currencies after a news heavy day of trading. Significant data releases from the States were mixed and this did not allow for a particular direction to take shape in dollar trading. Initial job claims of 484K were worse than the 439K forecasted by market economists. Also failing to meet expectations were industrial production numbers which posted a 0.1% increase on expectations of 0.6%. U.S. data that exceeded forecasts were the TICS which posted 47.1B after forecasts of only 34.2B. Also the Empire State manufacturing report was stronger than expected on 31.9 on forecasts of only 24.0.
The data helped the dollar strengthen against the euro and the pound, but the greenback fell against the yen. Contrasting data releases did not allow for one particular direction for the dollar during trading.
Today the market is anticipating the release of U.S. building permits and the preliminary UofM consumer confidence survey. The data is expected to have a positive impact on risk appetite in the market and could send the EUR/USD lower. The pair is supported by the 1.3525 price level. A breach of this price could send the pair to the 1.3400 support line.