Mon, 18 Jan 2021

U.S. dollar dips amid economic data

Xinhua
04 Dec 2020, 06:59 GMT+10

NEW YORK, Dec. 3 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday as market participants digested the newly-released jobless claims numbers.

The dollar index, which measures the greenback against six major peers, decreased 0.44 percent at 90.7169.

In late New York trading, the euro rose to 1.2141 U.S. dollars from 1.2099 dollars in the previous session, and the British pound increased to 1.3449 dollars from 1.3359 U.S. dollars in the previous session. The Australian dollar was up to 0.7445 U.S. dollar from 0.7402 dollar.

The U.S. dollar bought 103.96 Japanese yen, lower than 104.55 Japanese yen of the previous session. The U.S. dollar was down to 0.8914 Swiss franc from 0.8960 Swiss franc, and it was down to 1.2855 Canadian dollars from 1.2921 Canadian dollars.

On the economic front, U.S. initial jobless claims, a rough way to measure layoffs, registered 712,000 in the week ending Nov. 28, following an upwardly revised 787,000 in the prior week, the Department of Labor reported on Thursday, lower than an estimate of 780,000 from economists surveyed by Dow Jones. The reading marked the first drop in three weeks, but still remained well above pre-pandemic records.

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