The U.S. dollar index increased against most other major currencies in late trading on Thursday as investors continued to digest the Federal Reserve's decision to hike interest rates for the first time in 2018.
The U.S. Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points and signaled two more rate hikes in 2018, citing "strengthened" economic outlook in recent months.
Fed officials widely expected that the U.S. economy would grow at a faster pace this and next year, driven by fiscal stimulus and improved overseas demands.
Meanwhile, despite strong warnings from business groups and trade experts, U.S. President Donald Trump on Thursday signed a memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China, the latest unilateral move that poses a threat to global trade.
On the economic front, in the week ending March 17, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 3,000 from the previous week's unrevised level of 226,000.
The 4-week moving average was 223,750, an increase of 2,250 from the previous week's unrevised average of 221,500.
The dollar index, which measures the greenback against six major peers, was up 0.06 percent at 89.834 in late trading.
In late New York trading, the euro fell to 1.2306 dollars from 1.2329 dollars in the previous session, and the British pound decreased to 1.4109 dollars from 1.4136 U.S. dollars in the previous session. The Australian dollar was down to 0.7711 dollar from 0.7760 dollar.
The U.S. dollar bought 105.63 Japanese yen, lower than 106.12 Japanese yen of the previous session. The U.S. dollar rose to 0.9506 Swiss franc from 0.9504 Swiss franc, and it decreased to 1.2915 Canadian dollars from 1.2916 Canadian dollars.
The U.S. Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points and signaled two more rate hikes in 2018, citing "strengthened" economic outlook in recent months.
Fed officials widely expected that the U.S. economy would grow at a faster pace this and next year, driven by fiscal stimulus and improved overseas demands.
Meanwhile, despite strong warnings from business groups and trade experts, U.S. President Donald Trump on Thursday signed a memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China, the latest unilateral move that poses a threat to global trade.
On the economic front, in the week ending March 17, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 3,000 from the previous week's unrevised level of 226,000.
The 4-week moving average was 223,750, an increase of 2,250 from the previous week's unrevised average of 221,500.
The dollar index, which measures the greenback against six major peers, was up 0.06 percent at 89.834 in late trading.
In late New York trading, the euro fell to 1.2306 dollars from 1.2329 dollars in the previous session, and the British pound decreased to 1.4109 dollars from 1.4136 U.S. dollars in the previous session. The Australian dollar was down to 0.7711 dollar from 0.7760 dollar.
The U.S. dollar bought 105.63 Japanese yen, lower than 106.12 Japanese yen of the previous session. The U.S. dollar rose to 0.9506 Swiss franc from 0.9504 Swiss franc, and it decreased to 1.2915 Canadian dollars from 1.2916 Canadian dollars.
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