1st LD Writethru: U.S. dollar mixed on economic data

The U.S. dollar traded mixed against other major currencies on Thursday as economic data from the country came out mixed.

In the week ending May 9, the advance figure for seasonally adjusted initial jobless claims was 264,000, a decrease of 1,000 from the previous week's unrevised level of 265,000, the U.S. Labor Department said Thursday. The latest reading was below market consensus of 276,000, indicating the sound recovery of U.S. labor market.

However, a separate report from the department showed that the Producer Price Index (PPI), a gauge of inflation at the factory gate, fell 0.4 percent in April from March on a seasonally adjusted basis.

Some analysts said the low inflation pressure remains a pullback as Federal Reserve policy makers weigh when to start raising interest rates this year.

The dollar index, which measures the greenback against six major currencies, was down 0.17 percent at 93.454 in late trading.

In late New York trading, the euro rose to 1.1399 dollars from 1.1356 dollars in the previous session, and the British pound climbed to 1.5770 dollars from 1.5744 dollars in the previous session. The Australian dollar went down to 0.8069 dollars from 0. 8101 dollars.

The U.S. dollar bought 119.22 Japanese yen, higher than 119.13 yen of the previous session. The U.S. dollar slipped to 0.9129 Swiss francs from 0.9168 Swiss francs, and it increased to 1.1994 Canadian dollars from 1.1970 Canadian dollars. Endite