Friday, 20 July 2018
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Dollar loses some steam after jobless claims, PPI boost
Friday, 13 October 2017 03:48 WIB | CURRENCIES |DOLLARDolar AS

The U.S. dollar retraced some of the earlier gains against many of its rivals on Thursday, which had been boosted by better-than-expected jobless claims.

Meanwhile, the British pound, which was one of the underperformers for most of the session, took a turn for the better after reports that Brussels would grant the U.K. a two-year extension in the single market.

The ICE U.S. dollar index was up less than 0.1% at 93.060, trying to snap a string of four straight declines. Meanwhile, the WSJ Dollar index which measures the buck against a wider range of currencies, was down 0.1% at 86.37.

The pound recovered after hitting a three-day low earlier in the session, last trading at $1.3265, compared to $1.3223 late Wednesday.

The euro pulled back to $1.1833 from $1.1859 late Wednesday in New York, still holding close to the gains it logged earlier this week after fears of Catalonia™s secession from Spain eased. The shared currency hit its highest level in about three weeks earlier in the session.

The dollar retreated against its Japanese counterpart, with the dollar buying ¥112.23, compared with ¥112.49 late Wednesday.

Against the Swiss franc the buck bought 0.9754 franc, up from 0.9734 franc late Wednesday in New York.

 

Source: Marketwatch

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