U.S. dollar little changed amid economic data

Source: Xinhua| 2019-07-12 04:44:15|Editor: huaxia
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NEW YORK, July 11 (Xinhua) -- The U.S. dollar was nearly flat against its major rivals in late trading on Thursday as market participants pored through a slew of key economic data.

In the week ending July 6, the U.S. initial jobless claims, a rough way to measure layoffs, registered 209,000, a decrease of 13,000 from the previous week's revised level, the Department of Labor reported Thursday. Economists polled by MarketWatch estimated the weekly new claims would total a seasonally adjusted 221,000.

The U.S. Consumer Price Index (CPI) gained 0.1 percent in June, the same increase as in May, the Bureau of Labor Statistics said.

Meanwhile, the so-called core CPI, another closely followed measure of inflation, which strips out food and energy, rose 0.3 percent in June, according to the bureau.

"While still low, CPI inflation rose a little more than expected in June," Chris Low, chief economist at FTN Financial, said in a note on Thursday, adding that "there is no reason to think they will persist."

The dollar index, which measures the greenback against six major peers, decreased 0.05 percent at 97.0534 in late trading.

In late New York trading, the euro was up to 1.1258 dollars from 1.1253 dollars in the previous session, and the British pound rose to 1.2525 dollars from 1.2507 U.S. dollars in the previous session. The Australian dollar rose to 0.6975 dollar from 0.6961 dollar.

The U.S. dollar bought 108.45 Japanese yen, higher than 108.42 Japanese yen of the previous session. The U.S. dollar increased to 0.9900 Swiss franc from 0.9893 Swiss franc, and it was unchanged at close to 1.3070 Canadian dollars from 1.3070 Canadian dollars. Enditem

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