Wed, 04 Oct 2023

U.S. dollar dips as euro, sterling rise

30 Sep 2022, 05:44 GMT+10

NEW YORK, Sept. 29 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday amid a momentum in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, decreased 0.31 percent to 112.2540.

In late New York trading, the euro increased to 0.9793 U.S. dollars from 0.9748 dollars in the previous session, and the British pound rose to 1.1058 U.S. dollars from 1.0903 dollars in the previous session. The Australian dollar decreased to 0.6478 U.S. dollars from 0.6526 dollars.

The U.S. dollar bought 144.40 Japanese yen, higher than 143.99 Japanese yen of the previous session. The U.S. dollar increased to 0.9779 Swiss francs from 0.9759 Swiss francs, and it increased to 1.3707 Canadian dollars from 1.3616 Canadian dollars.

On the economic front, U.S. initial jobless claims, a rough way to measure layoffs, fell by 16,000 to 193,000 in the week ending Sept. 24, the U.S. Labor Department reported on Thursday. That marks the lowest level of claims since late April.

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