U.S. dollar falls amid lackluster data
0 Comment(s)
Print
E-mail Xinhua, February 28, 2020
NEW YORK, Feb. 27 (Xinhua) -- U.S. dollar retreated on Thursday as market participants digested a slew of lackluster data.
U.S. initial jobless claims, a rough way to measure layoffs, registered 219,000, an increase of 8,000 from the previous week's revised level, the Labor Department said Thursday. Economists polled by the MarketWatch had expected claims to total 214,000.
U.S. gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter in the second estimate, unrevised from an advance estimate, the U.S. Commerce Department reported Thursday.
Meanwhile, traders speculated further rate-cut moves from the U.S. Federal Reserve amid potential economic impact of the coronavirus.
The dollar index, which measures the greenback against six major peers, was down 0.50 percent at 98.5145 in late trading.
In late New York trading, the euro increased to 1.0986 U.S. dollars from 1.0898 dollars in the previous session, and the British pound was down to 1.2892 dollars from 1.2912 U.S. dollars in the previous session. The Australian dollar rose to 0.6584 U.S. dollar from 0.6556 dollar.
The U.S. dollar bought 109.95 Japanese yen, lower than 110.22 Japanese yen of the previous session. The U.S. dollar decreased to 0.9699 Swiss franc from 0.9754 Swiss franc, and it increased to 1.3365 Canadian dollars from 1.3318 Canadian dollars. Enditem
Go to Forum >>0 Comment(s)