Dollar index extends gains, hits two weeks maximum

Investing.com - The dollar rose to two-week highs against other major currencies on Thursday, despite the publication of negative data on all US as concerns over a possible British exit from the European Union or Brexit, the dominated sentiment. The Department of Labor He said the number of individuals applying for initial jobless benefits in the week ending June 11 increased by 13,000 to 277,000 of the total 264,000 the previous week. Analysts had expected jobless claims to rise by 6,000 last week 270.000. Separately, the US Department of Commerce He said consumer prices rose 0.2% in May, compared to expectations of a rise of 0.3%. year over year, consumer prices were 1.0% higher than last month, below expectations for a 1.1% increase. The core CPI, which excludes food and energy costs, rose as expected in May by 0.2%. On a more positive note, the Federal Reserve Bank of Philadelphia said its manufacturing index improved to 4.7 this month from -1.8 in May, exceeding expectations for a rise to 1.1. The USD / JPY down 2.05% to 103.81, the lowest level since August 2014 after Bank of Japan officials voted to continue the expansion of the monetary base at an annual rate of about ¥ 80 million . At the conclusion of its policy meeting on Thursday, the BOJ also said the EU referendum on June 23 as a key geopolitical threat to the Japanese economy, along with the "European debt problem". The decision came after the Fed also mentioned the referendum as a factor in its decision on Wednesday to keep interest rates unchanged. The dollar had weakened against major currencies as the Fed kept rates unchanged and lowered forecasts of how much they expect to raise interest rates in coming years. EUR / USD fell 1.07% to half past two week low of 1.1140. The dollar moved higher against the pound and the Swiss franc, with GBP / USD down 1.16% to 1.4045 and USD / CHF rising 0.70% to 0.9681. The pound weakened after the Bank of England kept its monetary policy unchanged, in line with expectations, and reiterated that the possibility of a Brexit was "the greatest immediate risk from financial markets UK, and financial markets, possibly also worldwide. " Also Thursday, the Swiss National Bank kept its benchmark interest rate unchanged at record low -0.75% and reiterated that it stands ready to take further measures to weaken the franc. The dollars of Australia and New Zealand were weaker, with AUD / USD down 1.40% to 0.7304 and NZD / USD declining 0.73% to 0.6982. Earlier Thursday, the Australian Bureau of Statistics said the number of employed rose by 17,900 in May, beating expectations for an increase of 15,000, while the unemployment rate remained unchanged at 5.7% last month. In New Zealand, official data showed that gross domestic product grew 0.7% in the first quarter, beating expectations for an increase of 0.5%. Year after year, GDP increased by 2.8% in the last quarter.

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