Saturday, April 16, 2011

Dollar Weakens After Unemployment Claims Rise

Applications for unemployment benefits rose from 27,000 to 412,000 last week, right before the dollar fell against most major currencies.

From ABC News:

    The euro rose to $1.4460 in midday trading Thursday in New York, from $1.4441 late Wednesday. The British pound rose to $1.6348 from $1.6274. The dollar fell to 83.26 Japanese yen from 83.82 yen, and fell to 0.8925 Swiss franc from 0.8963 Swiss franc.

    The U.S. dollar was also lower against most other currencies around the world, including ones in Canada, Australia, Hong Kong and Latin America.

More here

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