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U.S. dollar trades mixed amid economic data

Source: Xinhua| 2018-07-13 04:46:21|Editor: huaxia
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NEW YORK, July 12 (Xinhua) -- The U.S. dollar index traded mixed against other major currencies in late trading on Thursday, as investors meditated on a batch of economic data.

The U.S. Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May, the Labor Department said on Thursday.

Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment, in line with market consensus.

"Today's CPI was tame despite rents and medical care, in part because utility prices fell and in part because goods prices are tame. That may change when tariffs hit, however. For now, there's nothing here to alarm the Fed," said Chris Low, chief economist at FTN Financial, in a note.

In a separate report, the department said the number of Americans filing for unemployment benefits fell more than expected last week.

In the week ending July 7, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 18,000 from the previous week's revised level, according to the report.

The four-week moving average was 223,000, a decrease of 1,750 from the previous week's revised average.

The dollar index, which measures the greenback against six major peers, rose 0.11 percent at 94.823 in late trading.

In late New York trading, the euro fell to 1.1667 dollars from 1.1672 dollars in the previous session, and the British pound was up to 1.3208 dollars from 1.3205 U.S. dollars in the previous session. The Australian dollar rose to 0.7403 dollar from 0.7370 dollar.

The U.S. dollar bought 112.51 Japanese yen, higher than 112.03 Japanese yen of the previous session. The U.S. dollar gained to 1.0027 Swiss francs from 0.9962 Swiss franc, and it dipped to 1.3172 Canadian dollars from 1.3208 Canadian dollars. Enditem

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