U.S. dollar weakens as risk appetite improves

NEW YORK, Oct. 14 (Xinhua) — The U.S. dollar fell in late trading on Thursday as risk appetite improved, subduing demand for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, decreased 0.14 percent at 93.9578.

In late New York trading, the euro was up to 1.1599 U.S. dollars from 1.1588 dollars in the previous session, and the British pound was up to 1.3686 dollars from 1.3641 U.S. dollars in the previous session. The Australian dollar was up to 0.7417 U.S. dollar from 0.7374 dollar.

The U.S. dollar bought 113.66 Japanese yen, higher than 113.36 Japanese yen of the previous session. The U.S. dollar was down to 0.9233 Swiss franc from 0.9241 Swiss franc, and it decreased to 1.2368 Canadian dollars from 1.2436 Canadian dollars.

On the data front, the Department of Labor on Thursday reported that U.S. jobless claims, a rough way to measure layoffs, decreased by 36,000 to 293,000 in the week ending Oct. 9, notching a fresh pandemic-era low.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Adblock Detected

Turn Off Ad Blocker