Forex - Dollar mixed vs. rivals as U.S. initial jobless claims eyed

Published 10/21/2010, 07:57 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Thursday, ahead of the release of official U.S. data on initial jobless claims.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.43% to hit 1.4024. Earlier in the day, preliminary data showed that the euro zone’s manufacturing PMI rose unexpectedly in October.

The greenback was also up against the Swiss franc, with USD/CHF gaining 0.01% to hit 0.9618.

Earlier Thursday, official data showed that Switzerland’s trade surplus grew more-than-expected in September. In a separate report, the ZEW Centre for European Economic Research said its index of Swiss economic expectations declined significantly in September.

But the greenback was down against the pound and the yen with GBP/USD shedding 0.59% to hit 1.5753 and USD/JPY slipping 0.06% to hit 81.04. Earlier in the day, Japan’s Chief Cabinet Secretary Yoshito Sengoku said Japan hadn’t set a line to defend its currency at 82 yen per dollar. Also Thursday, official data showed that retail sales in the U.K. fell more-than-expected in September.

The greenback was also down against its Canadian and Australian counterparts but was up against its New Zealand cousin, with USD/CAD shedding 0.18% to hit 1.0190, AUD/USD edging up 0.01% to hit 0.9874 and NZD/USD dropping 0.38% to hit 0.7519.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.38%.

On Tuesday, the Federal Reserve’s Beige Book reported that "national economic activity continued to rise, albeit at a modest pace" from September through early October.

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