U.S. dollar falls despite upbeat economic data

The U.S. dollar decreased against most major currencies on Thursday despite positive economic data from the country.

In the week ending May 6, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week's unrevised level of 238,000, the Labor Department said on Thursday.

In a separate report, the department said the seasonally adjusted Producer Price Index for final demand advanced 0.5 percent in April.

Analysts said the dollar was under pressure amid concerns after U.S. President Donald Trump unexpectedly dismissed the Federal Bureau of Investigation chief James Comey, but the outlook of the greenback is still bright as positive data bolstered market speculation for a June rate-hike.

The dollar index, which measures the greenback against six major peers, was down 0.06 percent at 99.614 in late trading.

In late New York trading, the euro rose to 1.0868 dollars from 1.0858 dollars, and the British pound fell to 1.2886 dollars from 1.2936 U.S. dollars in the previous session. The Australian dollar increased to 0.7375 U.S. dollar from 0.7367 U.S. dollar.

The U.S. dollar bought 113.93 Japanese yen, lower than 114.32 yen of the previous session. The U.S. dollar fell to 1.0071 Swiss francs from 1.0094 Swiss francs, and it edged up to 1.3690 Canadian dollars from 1.3670 Canadian dollars. Endit