Dollar Rises As U.S. Jobless Claims Increase Less-than-expected
April 17 2014 - 9:58AM
RTTF2
The U.S. dollar rose against other major currencies in New York
deals on Thursday after nation's jobless claims rebounded
less-than-forecast in the week ended April 12th.
The Labor Department said today that initial jobless claims
inched up to 304,000, an increase of 2,000 from the previous week's
revised level of 302,000. Economists had expected jobless claims to
climb to 315,000 from the 300,000 originally reported for the
previous week
After falling to a 3-day low of 0.8778 against the franc
earlier, the greenback moved up with pair trading around 0.8799.
The greenback-franc pair ended Wednesday's trading at 0.8818.
The greenback that touched a multi-year low of 1.6842 against
the pound in early deals climbed to 1.6798 following the data. The
greenback is likely to seek resistance at the 1.66 mark.
Reversing from an early 6-day low of 1.3865 against the euro,
the greenback rose back and was trading around 1.3840. At
Wednesday's close, the pair was worth 1.3816.
Having fallen to 101.87 against the yen in Asian deals, the
greenback remained higher in subsequent trading. The pair was
trading at 102.16, around where it finished Wednesday's New York
deals.
Euro vs US Dollar (FX:EURUSD)
Forex Chart
From Aug 2024 to Sep 2024
Euro vs US Dollar (FX:EURUSD)
Forex Chart
From Sep 2023 to Sep 2024