SME Times is powered by   
Search News
Just in:   • Niryat Mitra, a well thought-out app  • Rupee hits record-low of 70.08 against USD  • Trump signs $717bn annual defence policy bill into law  • After retail inflation, WPI eases to 5.09 pc in July  • Apple delays 'Group FaceTime' feature for video calls 
Last updated: 10 Aug, 2018  

Dollar.Thmb.jpg US dollar rallies amid economic data

   Top Stories
» Rupee hits record-low of 70.08 against USD
» After retail inflation, WPI eases to 5.09 pc in July
» Tail winds turn into head winds for airlines: ASSOCHAM
» Data protection law for data-driven processes, innovation soon: Official
» Fintech cos can play key role in MSME financing: Survey
IANS | 10 Aug, 2018
The US dollar index increased against other major currencies as investors digested a batch of economic reports.

In late New York trading on Thursday, the euro decreased to $1.1541 from $1.1618 in the previous session, and the British pound fell to $1.2845 from $1.2892 in the previous session, Xinhua news agency reported.

The Australian dollar dipped to $0.7384 from $0.7438.

The US dollar bought 111.02 Japanese yen, higher than 110.97 Japanese yen of the previous session. The US dollar increased to 0.9930 Swiss franc from 0.9929 Swiss franc, and it rose to 1.3037 Canadian dollars from 1.3010 Canadian dollars.

In the week ending August 4, the advance figure for seasonally adjusted initial claims decreased 6,000 from the previous week's revised level to 213,000, below market consensus, the Labor Department said on Thursday.

The four-week moving average was 214,250, a decrease of 500 from the previous week's revised average.

In a separate report, the department announced that the Producer Price Index (PPI) for final demand was unchanged in July, seasonally adjusted, missing market estimates of a 0.3-percent gain.

"Given the surprise weakness in both the headline PPI and ex-food and energy was due to an outsized drop in trade prices reversing just half the outsized gain in the two months prior, this is not really good news on the inflation front," said Chris Low, chief economist at FTN Financial, in a note.

The dollar index, which measures the greenback against six major peers, was up 0.47 per cent at 95.505 in late trading.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 15 Aug, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
» Exports must be priority(1)
» Audi CEO to remain in German police custody(1)
» History of Lok Sabha elections(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter