USD Declines Ending Two-Day Rinsing Streak

The U.S. Dollar (USD) declined on Thursday, after rising for two consecutive sessions, on the back of negative economic data.

The Dollar Index (DXY), which measures the performance of the greenback against a basket of six major international currencies, is down by 0.42% to 90.57.

The index has been moving today in a range between 90.54 and 90.98, mostly in the negative territory, after closing Wednesday at 90.95.

Earlier today, data by the U.S. Department of Labor showed an increase in jobless claims to 861,000 last week, while a report by the Department of Commerce indicated that housing starts decreased by 6% to a seasonally adjusted annual rate of 1.58 million units in January.