Dollar rises against major currencies amid mixed data

08:33, June 04, 2010      

Email | Print | Subscribe | Comments | Forum 

The dollar was mostly higher against major currencies on Thursday on a batch of mixed economic reports on U.S. economy.

The euro slipped back to the four-year low of 1.2112 dollars it touched earlier this week. Worries about the sovereign debt crisis in the euro zone and its impact on the banks in the area still weigh on the market. The 16-nation currency, seen as a sign of confidence that investors have in Europe's ability to deal with the debt crisis, has dropped about 15 percent against the green back so far this year.

A series of mixed economic reports lifted some investors' confidence in U.S. economic recovery. Latest data showed that the U.S. service activities continued expansion in May.

Meanwhile, first time jobless benefit applications fell for the second week, and payroll in private sector added in May. Though both data came short of forecasts, they still showed that the labor market is on slow recovery.

The euro dropped to 1.2182 dollars in late New York trading from 1.2238 dollars late Wednesday, and the British pound fell to 1.4633 dollars from 1.4648 dollars.

In other trading, the dollar rose to 92.68 Japanese yen from 92. 18 yen, slipped to 1.1549 Swiss francs from 1.1558 francs, but climbed to 1.0418 Canadian dollars from 1.0396 Canadian dollars late Wednesday.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion