FOREX-Euro hits session lows vs dollar after U.S. durable goods data

as declared in NEW YORK, July 26 (Reuters) - The euro fell to session lows against the dollar on Thursday following data on U.S. durable goods orders and jobless claims that suggested solid growth in business activity and a tightening labor market. At 8:39 a.m. (1236 GMT), euro was down 0.01 percent at $1.17270 after hitting a session low of 1.17010, while the greenback remained lower against the yen at 110.84 yen. (Reporting by Richard Leong Editing by Chizu Nomiyama)

FOREX-Dollar dips as robust U.S. GDP data fail to impress

The greenback gave up initial gains after the U.S. government reported gross domestic product grew at a 4.1 percent annualized pace in the second quarter, matching the median forecast among economists polled by Reuters. The GDP, while strong on an annualized basis, was less impressive on a year-over-year basis, coming in at 2.8 percent. The euro was up 0.07 percent at $1.16510, while the greenback was down 0.2 percent at 110.99 yen, according to EBS. That came after the euro rallied on relief about the United States and the European Union agreeing to begin talks to lower tariffs. The yuan has been under sustained pressure since Trump threatened to impose tariffs on all imports from China.

FOREX-Dollar falls as U.S. tariffs kick in; U.S. jobs data eyed

as informed in ADVERTISEMENT"The first batch of tariffs is a milestone in the trade war but a very well-telegraphed one. That helped the euro rise to $1.1727, its strongest since June 26. The Australian dollar, a liquid proxy to China-related trades, edged up 0.1 percent to $0.7405, suggesting the region's markets were greeting the tariffs calmly. Against the safe-haven yen, the dollar inched down 0.1 percent to 110.560 yen and the Chinese yuan remained weaker against the dollar. ADVERTISEMENTInvestors wanted to know whether the tariffs were a continuation of tit-for-tat measures or an escalation between the two countries.

Robust U.S. growth data fail to lift dollar

The greenback's earlier gains faded after the U.S. government reported gross domestic product grew at a 4.1 percent annualised pace in the second quarter, accelerating from a revised 2.2 percent clip in the first three months of the year. The GDP, while strong on an annualised basis, was less impressive on a year-over-year basis, coming in at 2.8 percent. The latest GDP figure also reinforced the notion that the Federal Reserve would further raise interest rates, which is also a positive for the dollar. ADVERTISEMENTAn index that tracks the dollar versus the euro, yen, sterling and three other currencies was down 0.09 percent at 94.662, paring its weekly gain to 0.2 percent. The euro was up 0.14 percent at $1.16595 , while the greenback was down 0.2 percent at 111.00 yen, according to EBS.

collected by :John Locas