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Dollar at two-week low after U.S. weekly jobless claims rise unexpectedly
04/08/2021 | 10:56am EDT
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NEW YORK (Reuters) - The U.S. dollar fell to a two-week low against a basket of currencies on Thursday, tracking Treasury yields lower, after data showed a surprise rise in U.S. weekly jobless claims.
The number of Americans filing new claims for unemployment benefits unexpectedly rose last week. While the increase likely understates rapidly improving labor market conditions as more parts of the U.S. economy reopen and fiscal stimulus kicks in, it was bad enough to knock down the greenback.
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NEW YORK (Reuters) - The U.S. dollar dipped to a two-week low against a basket of currencies on Thursday, tracking Treasury yields lower, after data showed a surprise rise in U.S. weekly jobless claims.
FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
While the increase likely understates rapidly improving labor market conditions as more parts of the U.S. economy reopen and fiscal stimulus kicks in, it was bad enough to knock down the greenback.
The dollar index measuring the greenback against a basket of six currencies was 0.35% lower at 92.091, its lowest since March 23.
Dollar falls as U S weekly jobless claims rise unexpectedly metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
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NEW YORK (Reuters) - The U.S. dollar slipped to a two-week low against a basket of currencies on Tuesday, as traders booked profits after a strong March and as a fall in Treasury yields from recent peaks put pressure on the U.S. currency.
The U.S. Dollar Currency Index, which measures the greenback against a basket of six currencies, was 0.146% lower at 92.427, its lowest since March 24.
The dollar has risen this year, along with Treasury yields, as investors bet the United States would recover more quickly from the pandemic than other developed nations, amid massive stimulus and aggressive vaccinations. At 2.5%, the gain in March was the dollar s biggest monthly increase since the end of 2016.