Dollar stays down after jobless claims drop

NEW YORK (MarketWatch) — The U.S. dollar remained lower versus the euro and other major currencies after the Labor Department said the number of Americans making first-time claims for unemployment benefits dropped by 52,000 — largely due to seasonal factors — to 565,000 in the week ended July 4, the lowest since January. The dollar index , a measure of the greenback against a trade-weighted basket of six major currencies, slipped to 80.077, down from 80.643 in North American trade late Wednesday. The euro rose to $1.3986 versus the dollar, up from $1.3882 Wednesday. The dollar had been lower before the data, with safe-haven flows drying up as equity markets turned higher and economic sentiment lost some of its recent gloom.


Read the full story on MarketWatch

MarketWatch

MarketWatch.com, published by Dow Jones & Company, is a leading innovator in business news, personal finance information, real-time commentary and investment tools and data, with dedicated journalists generating more than 1,400 headlines, stories and market briefs a day from 10 bureaus in the U.S., London and Hong Kong.

Leave a Reply

Finance Polls

Do You Want Your Wage Cut To Save The Economy?

View Results

Loading ... Loading ...

RSS Recent Finance Discussions

Search this site

 (Help)

as   
Include results from
Sort by