Sat, 08 Aug 2020

U.S. dollar climbs following jobless data

10 Jul 2020, 06:30 GMT+10

NEW YORK, July 9 (Xinhua) -- The U.S. dollar rose in late trading on Thursday as risk appetite diminished after data showed another 1.314 million Americans filed for unemployment benefits last week.

The dollar index, which measures the greenback against six major peers, was up 0.28 percent at 96.7039.

In late New York trading, the euro was down to 1.1296 U.S. dollars from 1.1335 dollars in the previous session, and the British pound was down to 1.2620 dollars from 1.2621 U.S. dollars in the previous session. The Australian dollar decreased to 0.6964 U.S. dollar from 0.6980 dollar.

The U.S. dollar bought 107.20 Japanese yen, unchanged from the previous session. The U.S. dollar was up to 0.9400 Swiss franc from 0.9379 Swiss franc, and it rose to 1.3580 Canadian dollars from 1.3500 Canadian dollars.

U.S. initial jobless claims, a rough way to measure layoffs, registered 1.314 million in the week ending July 4, following a revised 1.413 million in the previous week, as the pandemic continues to weigh on the labor market, the Department of Labor reported Thursday.

More than 3 million confirmed COVID-19 cases have been reported in the United States, with over 132,000 deaths, as of Thursday afternoon, according to the Center for Systems Science and Engineering at Johns Hopkins University.

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