U.S. dollar trades mixed ahead of Senate vote on tax reform

NEW YORK, Nov. 30 (Xinhua) -- The U.S. dollar traded mixed against other major currencies on Thursday as Wall Street awaited a Senate vote on tax reform later in the day.

The U.S. Senate Budget Committee on Tuesday approved the Republican tax bill to overhaul the U.S. tax code, sending it to the Senate floor for a vote.

Analysts believed that the possibility of the Senate passing a bill aimed at overhauling the U.S. tax code increased.

On the economic front, U.S. personal income in October increased 65.1 billion U.S. dollars, or 0.4 percent, beating market consensus, according to the Commerce Department Thursday.

In October, disposable personal income (DPI) increased 66.1 billion dollars, or 0.5 percent, and personal consumption expenditures (PCE) increased 34.4 billion dollars, or 0.3 percent.

Meanwhile, in the week ending November 25, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 2,000 from the previous week's revised level, said the U.S. Labor Department Thursday.

The dollar index, which measures the greenback against six major peers, decreased 0.11 percent at 93.065 in late trading.

In late New York trading, the euro rose to 1.1903 dollars from 1.1862 dollars in the previous session, and the British pound climbed to 1.3526 dollars from 1.3422 U.S. dollars in the previous session. The Australian dollar lost to 0.7565 dollar from 0.7577 dollar.

The U.S. dollar bought 112.46 Japanese yen, higher than 111.83 yen of the previous session. The U.S. dollar fell to 0.9837 Swiss franc from 0.9839 Swiss franc, and it moved up to 1.2903 Canadian dollars from 1.2853 Canadian dollars. Enditem