Dollar mixed on upbeat economic data

08:14, December 31, 2010      

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The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as some economic data showed optimism in U.S. economy.

The U.S. Labor Department said on Thursday that initial claims for state unemployment benefits fell 34,000 to a seasonally adjusted 388,000, the lowest reading since early July 2008.

Also, the U.S. real estate market showed positive sign as the National Association of Realtors said pending home sales rose 3.5 percent last month. It was the second straight month of gains and beat market expectations for a 2 percent increase.

The dollar rebounded from a seven-week low against the yen, however, the euro climbed to a session peak of 1.3315 against the dollar.

In late Thursday trading, the dollar bought 81.52 Japanese yen, comparing with 81.63 late Wednesday, and the euro rose to 1.3286 dollars from 1.3214.

The British pound fell to 1.5415 dollars from 1.5509. The dollar fell from 0.9467 to 0.9355 against Swiss francs, and also fell to 0.9998 Canadian dollars from 1.0006.

Source: Xinhua
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