Dollar Rises Against Major Counterparts
(RTTNews) - The U.S. dollar stayed fairly positive on Thursday after the Federal Reserve said its monetary policy will remain tight for longer in order to combat inflation.
The Pound Sterling turned weak after the Bank of England left its policy rate unchanged. Swiss franc eased as well following the nation's central bank holding rates steady.
The Bank of Japan is scheduled to announce its monetary policy on Friday.
In U.S. economic news today, data released by the Labor Department showed initial jobless claims dipped to 201,000 in the week ended September 16th, a decrease of 20,000 from the previous week's revised level of 221,000.
Economists had expected jobless claims to inch up to 225,000 from the 220,000 originally reported for the previous week.
The dollar index climbed to 105.74 in early New York session, and despite paring some gains subsequently, remains firmly above the flat line, at 105.41, gaining about 0.2%.
Against the Euro, the dollar is up slightly at 1.0660. Against Pound Sterling, the dollar is trading at 1.2290, firming from 1.2344.
The dollar is firm against the Japanese currency, trading at 105.41 yen a unit. Against the Aussie, the dollar is up at 0.6414, gaining from 0.6448.
The dollar is rising against Swiss franc, fetching CHF 0.9046 a dollar. Against the Loonie, the dollar climbed to 1.3490.
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