U.S. dollar jumps amid economic data

U.S. dollar jumps amid economic data

NEW YORK, Sept. 1 (Xinhua) — The U.S. dollar surged in late trading on Thursday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, rose 0.92 percent to 109.6930.

In late New York trading, the euro decreased to 0.9947 U.S. dollars from 1.0046 dollars in the previous session, and the British pound was down to 1.1539 U.S. dollars from 1.1617 dollars in the previous session. The Australian dollar decreased to 0.6784 U.S. dollars from 0.6849 dollars.

The U.S. dollar bought 140.20 Japanese yen, higher than 138.74 Japanese yen of the previous session. The U.S. dollar increased to 0.9822 Swiss francs from 0.9762 Swiss francs, and it was up to 1.3165 Canadian dollars from 1.3122 Canadian dollars.

On the economic front, the U.S. Labor Department reported Thursday that U.S. initial jobless claims, a rough way to measure layoffs, decreased by 5,000 to 232,000 in the week ending Aug. 27.

The Institute for Supply Management said its manufacturing index held steady at 52.8 percent in August. Economists polled by The Wall Street Journal had forecast the index to slip to 51.8 percent.

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Author: Shirley