The dollar was mostly lower in N.Y. trade on Thursday, despite better initial jobless claims, a much narrower trade deficit, and improved factory orders. Pre-Easter weekend book adjusting was ultimately the main driver, which resulted in European accounts being buyers of EUR-USD and cable. USD-CAD moved lower on a narrower Canadian trade deficit, while USD-JPY edged slightly higher on firmer yields, and a modestly better Wall Street. Trade will be quiet in Asian hours overnight, as eyes turn to Friday's U.S. employment report.
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