U.S. dollar trims gains

The U.S. dollar minimized its gains versus its counterparts after the disappointing jobless claims data release.

U.S. dollar and euro at 1.0779

The EUR/USD pair traded to 1.0779 slipping 0.16%. The U.S. initial jobless claims, as per the Department of Labor, reached 258,000 for the week ending Mar 18, an increase of 15,000. The estimate was for declination by 1,000 to 240,000.

The GBP/USD traded to 1.2499 rising 0.12%, the USD/JPY to 110.90 slipping 0.23%, the USD/CHF to 0.9932 appreciating 0.19%, the NZD/USD to 0.7043 stable, the AUD/USD at 0.7639 falling 0.49%, and the USD/CAD to 1.3333 flat. The U.S. dollar index approached the 99.55 zone.

Oil rebounds on U.S. crude stocks data

During the N.A trading session, oil prices rebounded following the U.S. crude stocks data release that resumes placing pressures on the commodities market.

Brent crude traded at $50.87 adding 0.45% or 23 cents, and U.S. crude reached $48.23 rising 0.40% or 19 cents.

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