The dollar extended its losses against the euro on Thursday, after a surprising drop in May U.S. durable goods orders. Shortly before the report was released, the dollar was also starting to steepen its losses against classic safe-haven currency, the Swiss franc, after reports of an explosion in Istanbul.
Durable goods for May fell 1.6 percent, well below economists' estimates for a rise of 1.4 percent. U.S. jobless claims were 349,000, slightly exceeding economists' forecasts for 340,000 in the latest week. Early morning in New York, the euro pushed up to session highs around $1.2165 according to data, up from about $1.2125 shortly prior to the data and up about 0.6 percent on the day. Against the yen the dollar fell to 107.10 yen, down from about 107.35 yen prior to the reports and down more than 1 percent on the day. Against the Swiss franc , the dollar fell to session lows around 1.2425 francs, down from about 1.2459 francs shortly prior to the U.S. reports and down more than 0.7 percent on the session.///