U.S. dollar slips amid economic data
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E-mail Xinhua, July 1, 2022
NEW YORK, June 30 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday as market participants parsed a slew of economic data.
The dollar index, which measures the greenback against six major peers, fell 0.40 percent to 104.6860.
In late New York trading, the euro was up to 1.0483 U.S. dollars from 1.0444 dollars in the previous session, and the British pound increased to 1.2182 dollars from 1.2119 U.S. dollars in the previous session. The Australian dollar increased to 0.6907 U.S. dollar from 0.6875 dollar.
The U.S. dollar bought 135.55 Japanese yen, lower than 136.54 Japanese yen of the previous session. The U.S. dollar was down to 0.9535 Swiss franc from 0.9552 Swiss franc, and it fell to 1.2871 Canadian dollars from 1.2895 Canadian dollars.
On the economic front, U.S. personal consumption expenditures (PCE) inflation rose 0.6 percent in May for a 6.3 percent year-on-year gain, the Commerce Department reported on Thursday.
The core PCE price index, which excludes food and energy, rose 0.3 percent for a 4.7 percent year-on-year increase, showed the report.
Meanwhile, the Labor Department said U.S. initial jobless claims, a rough way to measure layoffs, registered 231,000 in the week ending June 25, following an upwardly revised reading of 233,000 in the prior week. Economists polled by The Wall Street Journal had estimated new claims would total 230,000. Enditem
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