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U.S. dollar rises amid economic data

NEW YORK
2022-12-23 06:26

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NEW YORK, Dec. 22 (Xinhua) -- The U.S. dollar appreciated in late trading on Thursday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, rose 0.25 percent to 104.4410.

In late New York trading, the euro fell to 1.0596 U.S. dollars from 1.0613 dollars in the previous session, and the British pound declined to 1.2038 U.S. dollars from 1.2084 dollars in the previous session.

The U.S. dollar bought 132.35 Japanese yen, higher than 132.24 Japanese yen of the previous session. The U.S. dollar rose to 0.9311 Swiss francs from 0.9262 Swiss francs, and it climbed to 1.3656 Canadian dollars from 1.3610 Canadian dollars. The U.S. dollar increased to 10.4713 Swedish Kronor from 10.4252 Swedish Kronor.

On the economic front, the U.S. Commerce Department reported Thursday that U.S. real GDP increased at an annual rate of 3.2 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter.

The U.S. Labor Department reported that the country's jobless claims, a rough way to measure layoffs, rose by 2,000 to 216,000 for the week ending Dec. 17. Economists polled by The Wall Street Journal had forecast new claims would total 220,000.
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