US dollar mixed ahead of major data

GMT 02:54 2014 Friday ,14 November

Arab Today, arab today US dollar mixed ahead of major data

US dollar
New York - XINHUA

The U.S. dollar traded mixed against other major currencies Thursday as the market was digesting the country's downbeat job data and expecting other major data coming out later this week.
U.S. Labor Department reported Thursday that in the week ending Nov. 8 the advance figure of seasonally adjusted initial claims for jobless benefits climbed to 290,000, 12,000 more than the unrevised level of the previous week. The data was higher than the market average forecast of 280,000.
The weak data aroused concerns that the U.S. labor market hasn' t fully recovered and thus lowered market speculation that the Federal Reserve may raise interest rates before mid-2015.
Investors were awaiting the closely-watched data of U.S. retail sales and consumer sentiment scheduled for release on Friday to get a more comprehensive view of U.S. economy.
The dollar index, which tracks the green back against six major currencies, was down 0.11 percent to 87.724 in late trading.
In late New York trading, the euro increased to 1.2487 dollars from 1.2432 dollars in the previous session, and the British pound fell to 1.5718 dollars from 1.5783 dollars. The Australian dollar went up to 0.8724 dollar from 0.8715 dollar.
The dollar bought 115.71 Japanese yen, higher than 115.54 yen of the previous session. The dollar went down to 0.9625 Swiss francs from 0.9670 Swiss francs, and it moved up to 1.1364 Canadian dollars from 1.1308 Canadian dollars.


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