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U.S. dollar mixed amid economic data

NEW YORK
2016-08-26 04:41

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The U.S. dollar traded mixed against other major currencies on Thursday as investors digested a batch of economic data.

U.S. new orders for manufactured durable goods in July increased 9.7 billion U.S. dollars or 4.4 percent to 228.9 billion dollars, beating market consensus of 3.7 percent, according to the U.S. Commerce Department Thursday.

Meanwhile, in the week ending Aug. 20, the advance figure for seasonally adjusted initial claims was 261,000, a decrease of 1, 000 from the previous week's unrevised level, the U.S. Labor Department said Thursday.

Investors also kept a close eye on a key speech from U.S. Federal Reserve Chair Janet Yellen, who will speak at the Economic Policy Symposium at Jackson Hole, Wyoming on Friday. Investors expect to get more clues from her speech on the timing of a next rate hike.

The dollar index, which measures the greenback against six major peers, was down 0.03 percent at 94.759 in late trading.

In late New York trading, the euro rose to 1.1281 dollars from 1.1264 dollars in the previous session, and the British pound fell to 1.3169 dollars from 1.3228 U.S. dollars in the previous session. The Australian dollar increased to 0.7614 dollar from 0.7608 dollar. The U.S. dollar bought 100.56 Japanese yen, higher than 100.45 yen of the previous session. The U.S. dollar rallied to 0.9680 Swiss franc from 0.9670 Swiss franc, and it moved down to 1.2929 Canadian dollars from 1.2931 Canadian dollars.

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