The U.S. dollar climbed against other major currencies on Thursday, as investors digested a batch of positive economic reports.
In the week ending September 30, the advance figure for seasonally adjusted initial claims decreased 12,000 from the previous week's unrevised level to 260,000, lower than market consensus of 265,000, the U.S. Labor Department reported Thursday.
The 4-week moving average was 268,250, a decrease of 9,500 from the previous week's unrevised average of 277,750, said the department.
U.S. new orders for manufactured goods in August, up two of the last three months, increased 5.4 billion U.S. dollars, or 1.2 percent, to 471.7 billion U.S. dollars, beating market estimates, the Commerce Department said on Thursday.
In a separate report, the department announced that the goods and services deficit was 42.4 billion U.S. dollars in August, down 1.2 billion U.S. dollars from July's revised reading.
Analysts said that improving U.S. data along with the prospect of U.S. tax cuts have boosted the U.S. currency in recent weeks.
The dollar index, which measures the greenback against six major peers, increased 0.53 percent at 93.957 in late trading.
In late New York trading, the euro dropped to 1.1704 dollars from 1.1763 dollars in the previous session, and the British pound lost to 1.3112 dollars from 1.3247 U.S. dollars in the previous session. The Australian dollar fell to 0.7789 dollar from 0.7860 dollar.
The U.S. dollar bought 112.84 Japanese yen, higher than 112.79 yen of the previous session. The U.S. dollar increased to 0.9789 Swiss franc from 0.9749 Swiss franc, and it moved up to 1.2570 Canadian dollars from 1.2476 Canadian dollars.
In the week ending September 30, the advance figure for seasonally adjusted initial claims decreased 12,000 from the previous week's unrevised level to 260,000, lower than market consensus of 265,000, the U.S. Labor Department reported Thursday.
The 4-week moving average was 268,250, a decrease of 9,500 from the previous week's unrevised average of 277,750, said the department.
U.S. new orders for manufactured goods in August, up two of the last three months, increased 5.4 billion U.S. dollars, or 1.2 percent, to 471.7 billion U.S. dollars, beating market estimates, the Commerce Department said on Thursday.
In a separate report, the department announced that the goods and services deficit was 42.4 billion U.S. dollars in August, down 1.2 billion U.S. dollars from July's revised reading.
Analysts said that improving U.S. data along with the prospect of U.S. tax cuts have boosted the U.S. currency in recent weeks.
The dollar index, which measures the greenback against six major peers, increased 0.53 percent at 93.957 in late trading.
In late New York trading, the euro dropped to 1.1704 dollars from 1.1763 dollars in the previous session, and the British pound lost to 1.3112 dollars from 1.3247 U.S. dollars in the previous session. The Australian dollar fell to 0.7789 dollar from 0.7860 dollar.
The U.S. dollar bought 112.84 Japanese yen, higher than 112.79 yen of the previous session. The U.S. dollar increased to 0.9789 Swiss franc from 0.9749 Swiss franc, and it moved up to 1.2570 Canadian dollars from 1.2476 Canadian dollars.
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