US dollar fluctuates amid upbeat economic data

GMT 14:32 2014 Friday ,24 October

Arab Today, arab today US dollar fluctuates amid upbeat economic data

US dollar
New Yourk - XINHUA

The U.S. dollar was traded mixed against other major currencies Thursday amid upbeat economic data of the country.
The U.S. Labor Department said Thursday that in the week ending Oct. 18, the advance figure for seasonally adjusted initial claims stood at 283,000, an increase of 17,000 from the previous week's revised level, but still near post-recession low. The latest number came below market consensus.
The Conference Board leading economic index for the United States added 0.8 percent in September to 104.4, topping analyst forecast.
U.S. house prices rose 0.5 percent in August from the previous month, according to the FHFA House Price Index.
Meanwhile, the Chicago Fed National Activity Index, a monthly reading designed to gauge overall economic activity and related inflationary pressure, rose to 0.47 in September from minus 0.25 in August.
In late New York trading, the euro gained to 1.2653 dollars from 1.2646 dollars of the previous session, and the British pound decreased to 1.6035 dollars from 1.6048 dollars. The Australian dollar was down to 0.8761 dollars from 0.8781 dollars.
The dollar bought 108.13 Japanese yen, higher than 107.21 yen of the previous session. The dollar inched down to 0.9535 Swiss francs from 0.9540 Swiss francs, and it edged down to 1.1233 Canadian dollars from 1.1237 Canadian dollars.

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