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| US Dollar Picture |
Cyber Daily News - The dollar weakened against other major currencies in New York trading
on Thursday (Friday morning GMT), after rising to the highest level in
seven months in the two previous sessions.The greenback has been strongly supported by market expectations for a rate hike at the end of the year.
In the previous session, the minutes of a Federal Reserve meeting in October showed that the majority of Fed officials agreed that "might be appropriate" to raise interest rates in the next policy meeting in December.
Xinhua reported, the dollar index, which measures the greenback against six major currencies, was recorded 99.598 at the end of trading on Wednesday, the highest level since April. Index retreated 0.68 percent to 98.975 in late trading Thursday.
On the economic front, the US Labor Department reported on Thursday that in the week ending November 14th preliminary figures for initial jobless claims reached a seasonally adjusted 271,000, down 5,000 from the previous week's revised level.
In late trading in New York, the euro rose to 1.0733 dollars from 1.0647 dollars in the previous session, and the British pound rose to 1.5291 dollars from 1.5227 dollars in the previous session. The Australian dollar firmed to 0.7193 dollars from 0.7091 dollars.
The US dollar bought 122.83 Japanese yen, down from 123.55 yen from the previous session. The US dollar fell to 1.0130 Swiss francs from 1.0196 Swiss francs, and fell to 1.3291 Canadian dollars from 1.3338 Canadian dollars.
In the previous session, the minutes of a Federal Reserve meeting in October showed that the majority of Fed officials agreed that "might be appropriate" to raise interest rates in the next policy meeting in December.
Xinhua reported, the dollar index, which measures the greenback against six major currencies, was recorded 99.598 at the end of trading on Wednesday, the highest level since April. Index retreated 0.68 percent to 98.975 in late trading Thursday.
On the economic front, the US Labor Department reported on Thursday that in the week ending November 14th preliminary figures for initial jobless claims reached a seasonally adjusted 271,000, down 5,000 from the previous week's revised level.
In late trading in New York, the euro rose to 1.0733 dollars from 1.0647 dollars in the previous session, and the British pound rose to 1.5291 dollars from 1.5227 dollars in the previous session. The Australian dollar firmed to 0.7193 dollars from 0.7091 dollars.
The US dollar bought 122.83 Japanese yen, down from 123.55 yen from the previous session. The US dollar fell to 1.0130 Swiss francs from 1.0196 Swiss francs, and fell to 1.3291 Canadian dollars from 1.3338 Canadian dollars.
