NEW YORK, Nov. 16 (Xinhua) — The U.S. dollar stayed almost flat in late buying and selling on Thursday, because the variety of Americans submitting new claims for unemployment advantages elevated to a three-month excessive final week.
The dollar index, which measures the dollar in opposition to six main friends, fell 0.04 p.c to 104.3490 in late buying and selling.
Initial claims for state unemployment advantages rose 13,000 to a seasonally adjusted 231,000 for the week ending Nov. 11, the best since August, in response to a report from the Labor Department on Thursday.
Unadjusted claims elevated 1,713 to 215,874 final week, suggesting that the labor market was progressively cooling in one other enhance to the Federal Reserve’s combat in opposition to inflation.
“Further modest progress has been made towards lowering inflation and rebalancing the labor market,” stated Conrad DeQuadros, senior financial advisor at Brean Capital in New York. “We have reservations about the seasonal factors, which may have been distorted by claims during the COVID-19 period.”
Meanwhile, the Philadelphia Fed stated Thursday its gauge of regional enterprise exercise improved barely to adverse 5.9 in November from adverse 9 within the prior month.
In late New York buying and selling, the euro grew to 1.0856 U.S. {dollars} from 1.0846 U.S. {dollars} within the earlier session, and the British pound dipped to 1.2416 U.S. {dollars} from 1.2418 U.S. {dollars}.
The U.S. dollar rose to 1.3762 Canadian {dollars} from 1.3685 Canadian {dollars}, as Western Texas Intermediate traded decrease close to 76.20 U.S. {dollars} per barrel throughout the Asian session on Thursday, extending the losses for the third successive day.
The U.S. dollar purchased 150.5960 Japanese yen, decrease than 151.3750 Japanese yen of the earlier session. The U.S. dollar rose to 0.8885 Swiss francs from 0.8883 Swiss francs, and it climbed to 10.5805 Swedish krona from 10.5331 Swedish krona.