The dollar fell on Thursday to its weakest against a basket of major currencies since the European Central Bank announced a program of quantitative easing in January, hit by growing concern that the U.S. economy has not just been suffering from a winter chill.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter.
The number of Americans filing new claims for unemployment benefits rose marginally last week, staying near a 15-year low in a sign that the labor market continues to strengthen despite moderate economic growth.
The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter.
The Labor Department said initial claims for unemployment benefits rose by 1,000 to 295,000 through the week-ending April 18. It was the third weekly rise in the claimant count and the first string of three increases in three months.