July 27, 2021

US dollar falls in downbeat data

New York, July 8 (Xinhua)-The US dollar fell on Thursday’s late trading as market participants digested the newly announced unemployed bills.

The dollar index, which measures the greenback for the six major peers, fell 0.24 percent at 92.4174.

In the second half of New York trading, the euro rose from $ 1.1806 in the previous session to $ 1.1839 and the pound sterling fell from $ 1.3801 in the previous session to $ 1.3776. The Australian dollar fell from $ 0.7487 to $ 0.7424.

The US dollar bought 109.81 yen, which was lower than the previous 110.61 yen. The US dollar fell from CHF 0.9250 to CHF 0.9157 and rose from CAD 1.2477 to CAD 1.2532.

The above market reaction came after the data showed an unexpected increase in first-time applicants for unemployment benefits in the United States.

The US’s first unemployed bill, which is a rough way to measure layoffs, increased…

Read full article here: illinoisnewstoday.com