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U.S. dollar little changed amid economic data

NEW YORK
2021-04-30 03:52

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NEW YORK, April 29 (Xinhua) -- The U.S. dollar was almost flat in late trading on Thursday as market participants pored through key economic data.

The dollar index, which measures the greenback against six major peers, fell 0.01 percent at 90.6120.

In late New York trading, the euro rose to 1.2126 U.S. dollars from 1.2123 dollars in the previous session, and the British pound was up to 1.3950 dollars from 1.3944 U.S. dollars in the previous session. The Australian dollar declined to 0.7776 U.S. dollar from 0.7793 dollar.

The U.S. dollar bought 108.88 Japanese yen, higher than 108.68 Japanese yen of the previous session. The U.S. dollar was down to 0.9087 Swiss franc from 0.9100 Swiss franc, and it fell to 1.2281 Canadian dollars from 1.2316 Canadian dollars.

On the data front, the U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, the U.S. Commerce Department reported Thursday.

"The increase in first quarter GDP (gross domestic product) reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic," the department's Bureau of Economic Analysis said in the "advance" estimate.

U.S. initial jobless claims, a rough way to measure layoffs, registered 553,000 in the week ending April 24, a decrease of 13,000 from the prior week's revised level, the Department of Labor said on Thursday. The reading was higher than the 528,000 estimate issued by Dow Jones.
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