United States dollar ticks down on economic data

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 19 Jan 2018 4:21 AM GMT

United States dollar ticks down on economic data
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Asian markets mostly up, dollar sinks on stimulus pledges
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New York: The US dollar fell against most major currencies as investors mainly focused on the newly-released economic data.

In late New York trading on Thursday, the euro increased to $1.2243 from $1.2224 in the previous session, and the British pound increased to $1.3893 from $1.3872 in the previous session.

The Australian dollar lost to $0.7999 from $0.8003.

The dollar bought 110.99 Japanese yen, lower than 111.12 yen of the previous session. The US dollar lost to 0.9585 Swiss franc from 0.9625 Swiss franc, and it was up to 1.2431 Canadian dollars from 1.2413 Canadian dollars.

In the week ending January 13, the advance figure for seasonally adjusted initial claims was 220,000, a decrease of 41,000 from the previous week's unrevised level of 261,000, said the labor department on Thursday.

Also Read: Goods and Services Tax slashed on 29 items, 54 services

This is the lowest level for initial claims since February 24, 1973 when it was 218,000, the department said.

The four-week moving average was 244,500, a decrease of 6,250 from the previous week's unrevised average of 250,750.

Meanwhile, US privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,192,000.

This is 8.2 per cent below the revised November estimate of 1,299,000 and is 6.0 per cent below the December 2016 rate of 1,268,000.

The dollar index, which measures the greenback against six major peers, decreased 0.03 per cent to 90.511 in late trading.

--IANS

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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