The U.S. dollar declined against most major currencies Thursday, as investors mainly digested the newly-released economic data.
In the week ending Oct. 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week's revised level, according to U.S. Labor Department Thursday.
This is the lowest level for initial claims since March 31, 1973 when it was 222,000.
Meanwhile, investors also kept a close eye on further progress on U.S. tax reforms.
The U.S. Senate is gearing up this week to start ironing out a tax revamp unveiled by President Donald Trump, just after the GOP lost a major legislative battle.
The Senate will consider a budget resolution, which is the first step in passing tax reform. But the GOP may have thin support, as one Republican lawmaker will be out of town and unable to vote.
The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 93.235 in late trading.
In late New York trading, the euro increased to 1.1834 dollars from 1.1788 dollars in the previous session, and the British pound decreased to 1.3154 dollars from 1.3199 U.S. dollars in the previous session. The Australian dollar increased to 0.7865 dollar from 0.7844 dollar.
The dollar bought 112.62 Japanese yen, lower than 112.93 yen of the previous session. The U.S. dollar lost to 0.9757 Swiss franc from 0.9815 Swiss franc, and it was up to 1.2487 Canadian dollars from 1.2470 Canadian dollars.
In the week ending Oct. 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week's revised level, according to U.S. Labor Department Thursday.
This is the lowest level for initial claims since March 31, 1973 when it was 222,000.
Meanwhile, investors also kept a close eye on further progress on U.S. tax reforms.
The U.S. Senate is gearing up this week to start ironing out a tax revamp unveiled by President Donald Trump, just after the GOP lost a major legislative battle.
The Senate will consider a budget resolution, which is the first step in passing tax reform. But the GOP may have thin support, as one Republican lawmaker will be out of town and unable to vote.
The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 93.235 in late trading.
In late New York trading, the euro increased to 1.1834 dollars from 1.1788 dollars in the previous session, and the British pound decreased to 1.3154 dollars from 1.3199 U.S. dollars in the previous session. The Australian dollar increased to 0.7865 dollar from 0.7844 dollar.
The dollar bought 112.62 Japanese yen, lower than 112.93 yen of the previous session. The U.S. dollar lost to 0.9757 Swiss franc from 0.9815 Swiss franc, and it was up to 1.2487 Canadian dollars from 1.2470 Canadian dollars.
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