Investing.com – The U.S. dollar was broadly higher against its major counterparts on Thursday, after official data showed that manufacturing in the Philadelphia region expanded in December at the fastest pace since April 2005.
During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.15% to hit 1.3193.
Earlier Thursday, official data showed that Ireland avoided slipping back into recession in the third quarter. Gross domestic product rose 0.5% in the third quarter, rebounding from a 1% drop in the previous quarter but missing expectations for a 0.8% increase.
The greenback was down against the pound with GBP/USD climbing 0.29% to hit 1.5590. Earlier in the day, official data showed that a year-on-year reading of UK retail sales came in stronger than expected, while a Bank of England survey showed expectations for higher inflation.
Elsewhere, the greenback was up against the yen and the Swiss franc, with USD/JPY easing up 0.06% to hit 84.29 and USD/CHF advancing 0.26% to hit 0.9704.
Earlier Thursday, the Swiss National Bank held its interest rates close to zero, in line with expectations, in order to stem the rapid appreciation of the franc.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.06% to hit 1.0055, AUD/USD shedding 0.22% to hit 0.9847 and NZD/USD falling 0.46% to hit 0.7360.
Earlier in the day, data showed that consumer confidence in New Zealand fell to an 18 month low in the third quarter, while a separate report showed that Australian inflation expectations declined for a second month in December.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.19%.
Earlier in the day, the Federal Reserve Bank of Philadelphia said that its manufacturing index unexpectedly jumped to 24.3 in December, beating expectations for a decline to 14.1.
Also Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell unexpectedly. A separate report showed that the number of building permits issued in the U.S. fell unexpectedly in November, while housing starts rose more-than-expected.
During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.15% to hit 1.3193.
Earlier Thursday, official data showed that Ireland avoided slipping back into recession in the third quarter. Gross domestic product rose 0.5% in the third quarter, rebounding from a 1% drop in the previous quarter but missing expectations for a 0.8% increase.
The greenback was down against the pound with GBP/USD climbing 0.29% to hit 1.5590. Earlier in the day, official data showed that a year-on-year reading of UK retail sales came in stronger than expected, while a Bank of England survey showed expectations for higher inflation.
Elsewhere, the greenback was up against the yen and the Swiss franc, with USD/JPY easing up 0.06% to hit 84.29 and USD/CHF advancing 0.26% to hit 0.9704.
Earlier Thursday, the Swiss National Bank held its interest rates close to zero, in line with expectations, in order to stem the rapid appreciation of the franc.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.06% to hit 1.0055, AUD/USD shedding 0.22% to hit 0.9847 and NZD/USD falling 0.46% to hit 0.7360.
Earlier in the day, data showed that consumer confidence in New Zealand fell to an 18 month low in the third quarter, while a separate report showed that Australian inflation expectations declined for a second month in December.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.19%.
Earlier in the day, the Federal Reserve Bank of Philadelphia said that its manufacturing index unexpectedly jumped to 24.3 in December, beating expectations for a decline to 14.1.
Also Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell unexpectedly. A separate report showed that the number of building permits issued in the U.S. fell unexpectedly in November, while housing starts rose more-than-expected.