U.S. dollar retreats amid economic data


NEW YORK, Aug. 11 (Xinhua) -- The U.S. dollar decreased in late trading on Thursday as market participants parsed newly released economic data.

The dollar index, which measures the greenback against six major peers, fell 0.10 percent to 105.0900.

In late New York trading, the euro rose to 1.0327 U.S. dollars from 1.0306 dollars in the previous session, and the British pound fell to 1.2201 dollars from 1.2226 U.S. dollars in the previous session. The Australian dollar was up to 0.7107 U.S. dollar from 0.7085 dollar.

The U.S. dollar bought 132.95 Japanese yen, higher than 132.90 Japanese yen of the previous session. The U.S. dollar was down to 0.9419 Swiss franc from 0.9424 Swiss franc, and it was down to 1.2760 Canadian dollars from 1.2784 Canadian dollars.

On the data front, U.S. initial jobless claims, a rough way to measure layoffs, stood at 262,000 in the week ending Aug. 6, an increase of 14,000 from the prior week's revised level, the Labor Department reported on Thursday. The reading was near the highest level since November, indicating continued moderation in the labor market.

Meanwhile, a separate report by the department showed the U.S. producer price index fell 0.5 percent in July. Economists polled by The Wall Street Journal had forecast a 0.2 percent advance.

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