BUSINESS US dollar weakens amid economic data

BUSINESS

US dollar weakens amid economic data

Xinhua

08:26, April 09, 2021

NEW YORK, April 8 (Xinhua) -- The U.S. dollar slipped 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, fell 0.42 percent at 92.0623.

In late New York trading, the euro rose to 1.1915 U.S. dollars from 1.1866 dollars in the previous session, and the British pound was unchanged at close to 1.3735 dollars from 1.3735 U.S. dollars in the previous session. The Australian dollar rose to 0.7650 U.S. dollar from 0.7604 dollar.

The U.S. dollar bought 109.25 Japanese yen, lower than 109.80 Japanese yen of the previous session. The U.S. dollar fell to 0.9238 Swiss franc from 0.9298 Swiss franc, and it was down to 1.2567 Canadian dollars from 1.2625 Canadian dollars.

On the data front, U.S. initial jobless claims, a rough way to measure layoffs, rose to 744,000 in the week ending April 3, following an upwardly revised 728,000 in the prior week, the Department of Labor reported on Thursday. Economists polled by Dow Jones expected first-time claims to total 694,000 for the latest week.

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