US Dollar Under Pressure As Interest Rate Concerns and High Oil Prices Affect Sentiment

The Dollar remains under pressure on Thursday, as interest rate concerns and high oil prices affect sentiment. It seems likely that the Dollar will be hard-pressed to find support ahead of the key non-farm payroll number on Friday. Today's weekly employment claims data is encouraging, with a decline of 35K applicants. This brings the number of claimants to 291,000, a surprisingly strong figure. Read More....