U.S. dollar rises amid rate-hike expectations
Xinhua, October 28, 2016 Adjust font size:
The U.S. dollar climbed against most major currencies on Thursday as overall upbeat economic data bolstered market speculation for an interest-rate hike by year-end.
In the week ending Oct. 22, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week's revised level, the U.S. Labor Department said Thursday.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, grew 1.5 percent to 110.0 in September from a slight downward revision of 108.4 in August, according to the National Association of Realtors on Thursday.
The Commerce Department said on Thursday that new orders for U.S. manufactured capital goods unexpectedly fell 1.2 percent in September after three straight months of strong gains.
The dollar index, which tracks the greenback against six major peers, was up 0.26 percent at 98.888 in late trading.
In late New York trading, the euro fell to 1.0902 dollars from 1.0909 dollars, and the British pound dropped to 1.2178 dollars from 1.2230 dollars. The Australian dollar decreased to 0.7595 dollars from 0.7642 dollars.
The dollar bought 105.25 Japanese yen, higher than 104.48 yen in the previous session. The dollar inched down to 0.9934 Swiss francs from 0.9935 Swiss francs, and it rose to 1.3387 Canadian dollars from 1.3364 Canadian dollars. Endit