Wed, 28 Oct 2020

U.S. dollar edges down amid jobless claims data

Xinhua
25 Sep 2020, 05:51 GMT+10

NEW YORK, Sept. 24 (Xinhua) -- The U.S. dollar fell modestly in late trading on Thursday after data showed the nation's jobless claims remained elevated.

The dollar index, which measures the greenback against six major peers, dipped 0.04 percent at 94.3565.

In late New York trading, the euro increased to 1.1666 U.S. dollars from 1.1656 dollars in the previous session, and the British pound rose to 1.2741 dollars from 1.2715 U.S. dollars in the previous session. The Australian dollar decreased to 0.7050 U.S. dollar from 0.7076 dollar.

The U.S. dollar bought 105.41 Japanese yen, the same as 105.41 Japanese yen of the previous session. The U.S. dollar rose to 0.9264 Swiss franc from 0.9241 Swiss franc, and it decreased to 1.3352 Canadian dollars from 1.3378 Canadian dollars.

U.S. initial jobless claims, a rough way to measure layoffs, increased by 4,000 to 870,000 in the week ending Sept. 19, the Department of labor reported on Thursday.

Continuing claims, or the number of people already receiving benefits, stood at 12.6 million for the week ending Sept. 12, showed the report.

Economists expected initial claims of 840,000 and continuing claims of 12.3 million, according to median estimates in a Bloomberg survey.

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