US dollar rises to 6 year high against Japanese yen

GMT 08:04 2014 Friday ,19 September

Arab Today, arab today US dollar rises to 6 year high against Japanese yen

US dollar against Japanese yen
New York - XINHUA

The U.S. dollar traded mixed against major currencies Thursday but strengthened to the highest in six years against the yen on data showing U.S. jobless claims fell to a two-month low.
The dollar index, which tracks the greenback against a basket of major currencies, hit the highest level in more than four years to 108.96, supported by the Fed officials' fund rate forecasts that were higher than those given in June.
On the economic front, the number of Americans filing new claims for unemployment benefits fell to 280,000 last week, said the Labor Department, suggesting a gradual improvement in job market.
While other U.S. data released in the day showed some weakness in home building and factory activity, the underlying trend remained supportive of solid economic growth. British financial markets were laying bets that Scots would vote "No" on independence Thursday, pushing the British pound to a two- year high against the euro.
In late New York trading, the euro fell to 1.2917 dollars from 1. 2919 dollars of the previous session, and the British pound increased to 1.6373 dollars from 1.6292 dollars.
The Australian dollar dropped to 0.8979 U.S. dollar from 0.9004 dollar.
The dollar bought 108.77 Japanese yen, higher than 108 yen of the previous session.
The dollar went down to 0.9343 Swiss franc from 0.9380 Swiss franc and moved down to 1.0955 Canadian dollars from 1.0973 Canadian dollars.

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