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Dollar Turns In Mixed Performance Against Major Rivals
(RTTNews) - The U.S. dollar drifted lower against some of its major counterparts on Thursday as investors looked ahead to the U.S. non-farm payrolls data, due on Friday, for clues about the outlook for interest rates.
Data released by the Labor Department this morning showed initial jobless claims in the U.S. fell to 228,000 in the week ended April 1st, a decrease of 18,000 from the previous week's revised level of 246,000.
Economists had expected initial jobless claims to inch up to 200,000 from the 198,000 originally reported for the previous week.
The Labor Department's more closely watched employment report, due on Friday, is expected to show an addition of 240,000 jobs in March. The unemployment rate is expected to hold at 3.6%.
The dollar index, which climbed to 102.14 around mid morning, dropped to 101.76 before recovering to 101.91, recording a small gain.
Against the Euro, the dollar weakened to 1.0922 from 1.0907.
The dollar is stronger against Pound Sterling at 1.2440, gaining from 1.2461.
Against the Japanese currency, the dollar is up, fetching 131.81 yen a unit.
The dollar is firm against the Aussie at 0.6671, gaining from 0.6721, and weak against Swiff franc at CHF 0.9048. Against the Loonie, the dollar has firmed to C$ 1.3490 from C$ 1.3459.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends Sharply Lower
European Stocks Close Weak As Trade War Fears Hurt Sentiment
Canadian Market Remains Weak On Tariff Concerns
Bay Street Likely To Open Lower
Pound Falls As U.K. Economy Contracts For Second Straight Month
Wall Street Likely To Open On Weak Note
