US economic growth accelerated in the first quarter, where real GDP expanded 3.1 percent on a yearly basis to match the market expectation and the previous estimate. The US Dollar Index was trading sideways this morning, at 96.22 levels, after the announcement.
The Canadian dollar was trading a tad higher against the greenback on Thursday. The local pair rose slightly and was trading at 1.3122 amid positive crude prices, US-China trade optimism and broad-based dollar weakness.
According to preliminary data, Germany’s Consumer Price Index rose to 0.3 percent in June from 0.2 percent in May, on monthly basis. The euro was trading flat this morning, at 1.1365 against the greenback.
US jobless claims rose by 10,000 to 227,000 in the week ended June 22, according to Labor Department figures released Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.