The
Dollar shows gains against it major counterparts on Thursday, despite the release
of disappointing U.S jobless claims.
US
weekly applications for jobless benefits last week rose 17,000 to a seasonally
adjusted 2, 74,000, the Labour Department reported on Thursday. Last week's
increase was the largest since February of last year.
Market participants
were looking to Friday’s U.S. nonfarm payrolls data after payroll processing
firm ADP said on Wednesday that non-farm private
employment rose by 156,000
last month, missing expectations for an increase of 196,000.
Dollar
bounce back from 91.92 after steep fall , currently trading at 93.68,
support at 91.90 resistance at 94.00 ,
close above 94.00 it can touch 94.50—95.00+ marks in days to come else could
test its support level at 91.90.
More will update soon!!
