The US dollar advanced against its major rivals on Thursday in reaction positive jobless claims data in United States. On the other hand the euro remained lower due to much weaker economic reports for the single currency region and China.
The dollar index DXY which measures the US dollar’s performance against its six major rival currencies gained to 79.949 on Thursday as compared to 79.645 on Wednesday’s North American trading session.
Investors were concerned over the rising treasury yields of Portugal and Spanish debt in reaction to which the euro fell to 1.3178 against the US dollar on Thursday as compared to 1.3205 on Wednesday’s late trading hours. Against the Japanese yen the euro slipped to 108.74 on Thursday as compared to 110.27 late Wednesday. The yields on European 10-year bonds increased to 5 percent while Spanish 10-year bonds reached their highest level since January.
Among other currencies, the British Pound declined 1.5812 against the US dollar on Thursday as compared to 1.5865 on late Wednesday. The Australian dollar slipped to 1.0376 on Thursday as compared to 1.0486 on Wednesday while the New Zealand dollar fell 0.4 percent to 80.87 against the greenback.
Against the Japanese yen the US dollar declined to 82.51 on Thursday as compared to 83.47 on Wednesday late trading hours.
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