by admin | May 25, 2021 | Economy, News, World
New York : The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data.
In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and the British pound decreased to $1.2801 from $1.2850 in the previous session, Xinhua news agency reported.
The Australian dollar rose to $0.7105 from $0.7094.
The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars.
US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.
The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.
The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading.
—IANS
by admin | May 25, 2021 | World
New York:(IANS) The US dollar lost against euro Thursday as economic data of the country came in worse-than-expected.
On the US economic front, in the week ending September 26, the advance figure for seasonally-adjusted initial jobless claims increased by 10,000 from the previous week’s unrevised level to 277,000, above market consensus of 272,000, said the US Labour Department.
The four-week moving average remained at a very low level of 270,750, a decrease of 1,000 from the previous week’s unrevised average, suggesting continued strength in the labour market, Xinhua news agency reported.
Meanwhile, the US September manufacturing purchasing managers’ index (PMI) registered 50.2 percent, a decrease of 0.9 percentage points from the August reading of 51.1 percent, said the Institute Supply Management (ISM) on Thursday.
In late New York trading, the euro gained to 1.1185 dollars from 1.1175 dollars of the previous session, and the British pound increased to 1.5132 dollars from 1.5127 dollars. The Australian dollar went up to 0.7031 dollars from 0.7015 dollars.
The dollar bought 119.92 Japanese yen, higher than 119.91 yen of the previous session. The dollar moved up to 0.9777 Swiss francs from 0.9741 Swiss francs, and it moved down to 1.3253 Canadian dollars from 1.3338 Canadian dollars.
