USD appreciates after US claims and Philly Fed data

Philadelphia FED Manufacturing Index for May:

• Actual: -10.4 Expected: -19.8, Previously: -31.3

Weekly Jobless Claims Data

• Actual: 242k, Expected: 255k, Previously: 264k

Philadelphia Fed Manufacturing Index

Philly Index indicated a clear improvement and supported a better-than-expected industrial production reading in the USA, which was published earlier this week. However, the overall picture of industrial indices remains weak. Also, considering the ongoing trend and historical readings, one significantly better reading does not necessarily imply a lasting improvement or a move above neutral levels. Source: Philadelphia Fed.

Weekly Jobless Claims

US Dollar appreciates right after the publication of jobless claims data and the release of the FED Philly Index. EURUSD downward trend indicates growing strenghts of the US currency.