U.S. dollar slips amid economic data

  • World
  • Friday, 18 Sep 2020

NEW YORK, Sept. 17 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, slid 0.24 percent at 92.9699.

In late New York trading, the euro rose to 1.1838 U.S. dollars from 1.1802 dollars in the previous session, and the British pound increased to 1.2960 dollars from 1.2954 U.S. dollars in the previous session. The Australian dollar increased to 0.7304 U.S. dollar from 0.7298 dollar.

The U.S. dollar bought 104.69 Japanese yen, lower than 105.00 Japanese yen of the previous session. The U.S. dollar decreased to 0.9089 Swiss franc from 0.9100 Swiss franc, and it increased to 1.3174 Canadian dollars from 1.3168 Canadian dollars.

On the data front, U.S. initial jobless claims, a rough way to measure layoffs, came in at 860,000 in the week ending Sept. 12, following an upwardly revised level of 893,000 in the prior week, the Department of Labor reported Thursday. The reading slightly exceeded the median economist estimate of 850,000 compiled by Bloomberg.

Continuing claims, or the number of people already receiving benefits, stood at 12.63 million for the week ending Sept. 5, showed the report.

Traders also pored through the Federal Reserve's latest decision on monetary policy.

The U.S. central bank on Wednesday held its benchmark interest rate steady at the record-low level of near zero and promised to maintain this target range until labor market conditions have improved to reach maximum employment and inflation has picked up to its desirable level.

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