US dollar firms by jobless claims data

US dollar firms by jobless claims data

NEW YORK, March 2 (Xinhua) — The U.S. dollar strengthened in late trade on Thursday as market participants analyzed the latest labor market data.

The dollar index, which measures the greenback against six major peers, rose 0.52 percent to 105.0284.

In late New York trading, the euro fell to US$1.0591 from US$1.0656 in the previous session, and the British pound fell to US$1.1943 from US$1.2014 in the previous session.

The US dollar bought 136.78 Japanese yen, higher than 136.15 Japanese yen from the previous session. The US dollar was up to 0.9420 Swiss francs from 0.9402 Swiss francs and it fell to 1.3600 Canadian dollars from 1.3608 Canadian dollars. The US dollar increased to SEK 10.5117 from SEK 10.4427.

On the economic front, the US Labor Department reported on Thursday that the number of Americans filing for unemployment benefits fell by 2,000 to 190,000 in the week ended February 25. Economists polled by The Wall Street Journal had predicted new applications would reach 197,000.


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