The U.S. dollar declined against other major currencies on Thursday as investors digested a batch of negative economic data.
The U.S. Producer Price Index (PPI) for final demand fell 0.1 percent in December, seasonally adjusted, missing market consensus of a 0.2-percent gain, the Labor Department announced Thursday.
Meanwhile, in the week ending Jan. 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000, said the department in a separate report Thursday.
The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750.
The dollar index, which measures the greenback against six major peers, decreased 0.51 percent at 91.857 in late trading.
In late New York trading, the euro rose to 1.2038 dollars from 1.1963 dollars in the previous session, and the British pound gained to 1.3534 dollars from 1.3513 U.S. dollars in the previous session. The Australian dollar climbed to 0.7893 dollar from 0.7839 dollar.
The U.S. dollar bought 111.11 Japanese yen, lower than 111.32 yen of the previous session. The U.S. dollar fell to 0.9761 Swiss franc from 0.9778 Swiss francs, and it moved down to 1.2527 Canadian dollars from 1.2575 Canadian dollars.
The U.S. Producer Price Index (PPI) for final demand fell 0.1 percent in December, seasonally adjusted, missing market consensus of a 0.2-percent gain, the Labor Department announced Thursday.
Meanwhile, in the week ending Jan. 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000, said the department in a separate report Thursday.
The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750.
The dollar index, which measures the greenback against six major peers, decreased 0.51 percent at 91.857 in late trading.
In late New York trading, the euro rose to 1.2038 dollars from 1.1963 dollars in the previous session, and the British pound gained to 1.3534 dollars from 1.3513 U.S. dollars in the previous session. The Australian dollar climbed to 0.7893 dollar from 0.7839 dollar.
The U.S. dollar bought 111.11 Japanese yen, lower than 111.32 yen of the previous session. The U.S. dollar fell to 0.9761 Swiss franc from 0.9778 Swiss francs, and it moved down to 1.2527 Canadian dollars from 1.2575 Canadian dollars.
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