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U.S. dollar stays nearly flat after mixed data

NEW YORK
2023-12-07 06:29

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NEW YORK, Dec. 6 (Xinhua) -- The U.S. dollar stayed nearly flat in late trading on Wednesday amid underperforming Automatic Data Processing (ADP) job numbers and increased mortgage applications.

The dollar index, which measures the greenback against six major peers, rose 0.10 percent to 104.1536 in late trading.

U.S. companies added just 103,000 workers for November, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate, ADP reported Wednesday. The annual pay has a 5.6 percent rise, marking the smallest advancement since September 2021. Individuals who changed jobs experienced an 8.3 percent wage surge, depicting the smallest difference in pay for transitioning roles since ADP initiated the tracking of this data three years ago.

U.S. mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023.

In late New York trading, the euro decreased to 1.0769 dollars from 1.0784 dollars in the previous session, with annualized eurozone retail sales for the year into October declining a further 1.2 percent from the previous month's -2.9 percent.

The Financial Stability Report issued by the Bank of England (BoE) on Wednesday indicated the ongoing challenge of an imbalanced economy in the United Kingdom. The BoE highlighted that despite a well-capitalized banking sector and decreasing inflationary pressures, potential risks persisted. The British pound was down to 1.2560 U.S. dollars from 1.2582 U.S. dollars in the previous session.

The U.S. dollar bought 147.3640 Japanese yen, higher than 147.2500 Japanese yen of the previous session. The U.S. dollar was down to 0.8747 Swiss francs from 0.8754 Swiss francs, and it rose to 1.3587 Canadian dollars from 1.3586 Canadian dollars. The U.S. dollar was down to 10.4735 Swedish kronor from 10.4986 Swedish kronor.
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