Dollar rises after mixed US economic data
NEW YORK -- The dollar rose against most other currencies Thursday after mixed economic data out of the U.S.
The Labor Department said that weekly applications for U.S. unemployment benefits jumped 46,000 last week to 388,000, the highest in four months. That's a sign layoffs are increasing, but the Labor Department said that there were technical reasons behind rise, such as delayed figures from California.
The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines. The Fed said its index of regional manufacturing activity had a reading of 5.7 in October following a -1.9 reading in September. Any reading above zero indicates expansion.
The euro fell to $1.3061 late Thursday from $1.3127 late Wednesday. The British pound fell to $1.6062 from $1.6154.
The dollar rose to 79.23 Japanese yen from 78.98 yen, to 0.9253 Swiss franc from 0.9220 Swiss franc and to 98.53 Canadian cents from 97.77 Canadian cents.