U.S. dollar edges up amid economic data

U.S. dollar edges up amid economic data

NEW YORK, Sept. 15 (Xinhua) — The U.S. dollar strengthened in late trading on Thursday as market participants digested a batch of economic data.

The dollar index, which measures the greenback against six major peers, increased 0.07 percent to 109.7400.

In late New York trading, the euro rose to 0.9996 U.S. dollars from 0.9982 dollars in the previous session, and the British pound fell to 1.1467 U.S. dollars from 1.1541 dollars in the previous session. The Australian dollar was down to 0.6703 U.S. dollars from 0.6740 dollars.

The U.S. dollar bought 143.47 Japanese yen, higher than 143.15 Japanese yen of the previous session. The U.S. dollar decreased to 0.9607 Swiss francs from 0.9632 Swiss francs, and it increased to 1.3224 Canadian dollars from 1.3177 Canadian dollars.

The U.S. Labor Department reported Thursday that the nation’s initial jobless claims, a rough way to measure layoffs, decreased by 5,000 to 213,000 for the week ending Sept. 10, marking the lowest level since late May. This is also the fifth week in a row that jobless claims have fallen.

U.S. retail sales rose an unexpected 0.3 percent in August after falling 0.4 percent in July, according to the Commerce Department.

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Author: Shirley