U.S. dollar rises amid economic data

Mon, 04 Jul 2022

U.S. dollar rises amid economic data

Xinhua
24 Jun 2022, 05:44 GMT+10

NEW YORK, June 23 (Xinhua) -- The U.S. dollar appreciated in late trading on Thursday as market participants digested newly released economic data.

The dollar index, which measures the greenback against six major peers, rose 0.22 percent to 104.4310.

In late New York trading, the euro was down to 1.0523 U.S. dollars from 1.0569 dollars in the previous session, and the British pound fell to 1.2251 U.S. dollars from 1.2264 dollars in the previous session. The Australian dollar was down to 0.6893 U.S. dollars from 0.6932 U.S. dollars.

The U.S. dollar bought 134.95 Japanese yen, lower than 136.26 Japanese yen of the previous session. The U.S. dollar fell to 0.9611 Swiss franc from 0.9616 Swiss franc, and it was up to 1.3004 Canadian dollars from 1.2934 Canadian dollars.

On the data front, U.S. initial jobless claims, a rough way to measure layoffs, dropped by 2,000 to 229,000 in the week ending June 18, the Department of Labor reported on Thursday. Economists polled by The Wall Street Journal had forecast initial jobless claims to total 225,000.

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