U.S. Dollar Extends Rally on Jobless Claims

On October 24th, John Dawson reports on the US dollar's strength following a 14-year low in initial jobless claims, causing the dollar to rise against the yen for six days. Speculation grows that the Bank of Japan may implement further easing measures to meet its 2% inflation target. Meanwhile, the New Zealand dollar, or Kiwi, falls after a benign third-quarter inflation report, suggesting the Central Bank may hold interest rates until the end of next year.

What recent economic report contributed to the US dollar's strong performance?

• A drop in trade deficit

• A rise in consumer spending

• A decrease in initial jobless claims

• An increase in housing starts

How many consecutive days did the US dollar rise against the yen?

• Seven days

• Six days

• Five days

• Four days

What is the Bank of Japan's inflation target?

• 1%

• 1.5%

• 2%

• 2.5%

What event is causing speculation about the Bank of Japan's next move?

• A drop in exports

• A rise in GDP

• A change in government policy

• An upcoming central bank meeting

What recent report affected the New Zealand dollar's performance?

• A strong employment report

• A benign third-quarter inflation number

• A rise in retail sales

• A decrease in manufacturing output