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Dollar mixed amid U.S. job data

English.news.cn   2014-04-11 04:01:13

NEW YORK, April 10 (Xinhua) -- The U.S. dollar stabilized after Wednesday's sharp decline and traded mixed against major currencies on Thursday amid upbeat U.S. job data.

The number of Americans who initially applied for jobless benefits in the week ending April 5 sank by 32,000 to seasonally adjusted 300,000, said the Labor Department Thursday, adding that the last time initial claims were this low was in May 2007.

In the previous session, the greenback slumped to a five-month low against major currencies after minutes of Federal Reserve's March meeting implied it may not raise the interest rate anytime soon.

The minutes released by the Federal Open Market Committee showed that "several participants noted that the increase in the median projection overstated the shift in the projections."

Following the policy meeting on March 19, Fed Chair Janet Yellen said the Fed may start to raise the interest rate "around six months" after it ends its bond-purchase program, which was sooner than analysts had previously expected.

Meanwhile, China's official data showed that the country's exports unexpectedly fell in March, which led to a smaller market risk appetite and supported the yen.

In late New York trading, the euro dropped to 1.3839 dollars from 1.3854 dollars of the previous session, and the British pound decreased to 1.6788 dollars from 1.6796 dollars. The Australian dollar climbed to 0.9425 dollar from 0.9396 dollar.

The dollar bought 101.45 Japanese yen, lower than 101.76 yen of the previous session. The dollar moved down to 0.8762 Swiss francs from 0.8794 Swiss francs, and it moved up to 1.0920 Canadian dollars from 1.0859 Canadian dollars.

Editor: yan
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