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US dollar dips as Euro, sterling rise

30 Sep 2022, 8:02 AM
US dollar dips as Euro, sterling rise

NEW YORK, Sept 30 — The US dollar weakened in late trading on Thursday amid momentum in the euro and the British pound, reported Xinhua.

The dollar index, which measures the greenback against six major peers, decreased 0.31 per cent to 112.2540.

In late New York trading, the euro increased to US$0.9793 from US$0.9748 in the previous session, and the British pound rose to US$1.1058 from US$1.0903 in the previous session. The Australian dollar decreased to US$0.6478 from US$0.6526.

The US dollar bought 144.40 Japanese yen, higher than 143.99 Japanese yen of the previous session. The US dollar increased to 0.9779 Swiss francs from 0.9759 Swiss francs, and it increased to 1.3707 Canadian dollars from 1.3616 Canadian dollars.

On the economic front, US initial jobless claims, a rough way to measure layoffs, fell by 16,000 to 193,000 in the week ending Sept 24, the US Labour Department reported on Thursday. That marks the lowest level of claims since late April.

— Bernama

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