The dollar is climbing again.
The US dollar index is up by 0.2% at 100.54 as of 11:34 a.m. ET, after being down in the red earlier in the morning.
The index is at 13-and-a-half year high.
Thursday saw a slew of economic data stateside:
- CPI rose slower than expected in October, with core CPI ticking up by just 0.1% month-over-month. US housing starts rose by 25.5% at a seasonally adjusted annual rate of 1.323 million in October, the biggest increase in nine years. Although, notably, monthly housing data tend to be volatile and subject to revision. Initial jobless claims plunged to 235,000 – their lowest level since 1973. Philly Fed manufacturing fell more than expected, coming in at 7.6, below expectations of 7.8.
As for the rest of the world, here’s the scoreboard as of 11:38 a.m. ET:
- The Japanese yen is down by 0.4% at 109.49 per dollar after starting the day on a quieter note. "The market appears to be pausing ahead of the psychologically important JPY110 level," wrote Marc Chandler, the global head of currency strategy at Brown Brothers Harriman, in commentary in the morning. Separately, the Bank of Japan unleashed an unlimited bond-buying program. The euro reversed course. The currency is down by 0.3% at 1.0661 against the dollar after earlier in the morning being up by 0.4% at 1.0744. Data showed that the eurozone's core CPI rose by 0.5% year-over-year in October, in line with expectations. However, CPI rose by only 0.2% month-over-month, below expectations of a 0.3% gain.The British pound is little changed at 1.2449 against the dollar after retail sales in the UK climbed by 1.9% month-over-month in October, significantly above economists' forecasts of 0.4%. The Australian dollar is down by 0.3% at .7458 per dollar after the latest jobs report disappointed. The Australian economy added 9,800 jobs in October, compared to expectations of 20,000, and the unemployment rate held at 5.6%. The Russian ruble is up by 0.4% at 64.5189 per dollar, while Brent crude oil, the international benchmark, is little changed at $46.66 per barrel.