Anticipation of U.S. Jobless Data Causes Dollar To Fall – 25 March, 2020

Data scheduled to be released on Thursday is expected to show an increase in U.S. unemployment benefit claims due to company wide layoffs due to the coronavirus. Ahead of this, the dollar fell against the yen and the euro, while the pound fell against the euro on worries that Britain has not done enough to prepare for an increase of virus cases. Against the yen, the dollar fell 0.47% to 110.69, while the dollar eased against the Swiss franc to 0.9752. Sterling dipped 0.3% to $1.1837 and dropped 0.6% to 92.11 pence per euro. investors are predicting the U.S. jobless claims could reach well over one million as more companies continue to lay off workers. The euro was up 0.2% to $1.0901, while the Australian dollar fell 1.3% to $0.5879 and the New Zealand dollar dropped 1% to $0.5793.