Dollar falls after deceptioning data

The US dollar fell against major world currencies today, after data showed that applications for unemployment benefits in the US rose unexpectedly last week and that new home sales in the country fell more than expected in March.

The dollar came under pressure after the US Department of Labor has informed that the number of individuals who filed new application for unemployment benefits in the week ending April 18 increased by 1,000 to 295,000, the total of the previous week 294,000.
Analysts had expected new claims for unemployment benefits fell by 4,000 to 290,000 last week.
Data also showed that new homes sales in the US fell 11.4% last month to 481,000 units, after a revised increase of 5.6% to 541,000 units in February. Analysts had expected the new home sales fell 5.3% to 513,000 units in March.

The dollar index, which measures the strength of the US dollar against a basket of six other major currencies, fell 0.60% to 97.66.

Coins projection: April 6- April 10

The US dollar had a strong fall against major world currencies on Friday after an unexpected weak employment report in the US have seen investors reduce expectations of a rise in interest rates by the US Federal Reserve (Fed) in the second half of this year.

The US Labor Department reported that the US economy added 126,000 jobs in March stations, less than half the gain of February and the smallest increase since December 2013. Economists had
projected an increase of 245,000 jobs in last month.