The dollar gained early against other major currencies but declined later. The Greek debt crisis pushed currencies around over the last few days, and as the week comes to an end the U.S. currency is starting to lose some steam.
The U.S. dollar gained against most major currencies Thursday. The dollar gained 0.30 percent against the Aussie, 0.12 percent against the Aussie and 0.49 percent against the pound sterling, but declined 0.25 percent against the yen and 0.50 percent versus the Swiss franc.
The dollar gained early against other major currencies but declined later. The Greek debt crisis pushed currencies around over the last few days, and as the week comes to an end the U.S. currency is starting to lose some steam.
The U.S. dollar gained against most major currencies Thursday. The dollar gained 0.30 percent against the Aussie, 0.12 percent against the Aussie and 0.49 percent against the pound sterling, but declined 0.25 percent against the yen and 0.50 percent versus the Swiss franc.
The trend changed later in the day and the dollar began to fall broadly. The greenback fell 0.10 percent vs the Japanese yen, 0.01 percent vs euro and 0.17 percent vs the Australian dollar.
The franc gained against all currencies while the pound fell. The Canadian gained 0.048 percent versus the pound but fell against all other major currencies. The Hong Kong dollar gained 0.239 percent versus the Canadian.
World Economic News
There was some good economic news in the United States.
New housing permits jumped 8.7 percent in May, more than the 0.7 percent expected by analysts. Housing starts were lower than expected. The number of starts for May advanced 3.5 percent, but analysts had expected a 4.8 percent increase.
The U.S. Bureau of Economic Analysis reported Thursday that both imports and exports of goods increased in the first quarter. Exports increased from $342.7 billion in the fourth quarter of 2010 to $361.3 billion in the first quarter of 2011 while imports increased from $501.9 billion to $543.8 billion. “The deficit on goods increased to $182.5 billion in the first quarter from $159.2 billion in the fourth”, the BEA said in their statement.
The US Department of Labor reported that there were 414,000 initial jobless claims for the week ending June 11 (last week). There were 427,000 claims the previous week and economists had expected 420,000 claims last week.
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