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U.S. dollar rises amid economic data

Source: Xinhua| 2018-07-20 04:09:08|Editor: huaxia
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NEW YORK, July 19 (Xinhua) -- The U.S. dollar went up on Thursday as economic data from the country came out positive.

U.S. weekly jobless claims dropped to the lowest level since 1969, according to U.S. Labor Department on Thursday.

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week's revised level.

The four-week moving average was 220,500, a decrease of 2,750 from the previous week's revised average.

The greenback was also supported by the latest remarks from the Federal Reserve Chair Jerome Powell.

Powell said in the previous two sessions that the U.S. economy is on the cusp of "several years" in which the job market remains strong and inflation stays around the Fed's 2 percent target.

The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 95.110 in late trading on Thursday.

In late New York trading, the euro was down to 1.1644 dollars from 1.148 dollars in the previous session, and the British pound decreased to 1.3015 dollars from 1.3063 U.S. dollars in the previous session. The Australian dollar declined to 0.7358 dollar from 0.7402 dollar.

The U.S. dollar bought 112.47 Japanese yen, lower than 112.85 Japanese yen of the previous session. The U.S. dollar lost to 0.9990 Swiss franc from 0.9991 Swiss franc, and it went up to 1.3252 Canadian dollars from 1.3174 Canadian dollars. Enditem

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