The U.S. dollar rose against the Japanese yen and other major currencies on Thursday after data showed a decline in jobless claims, suggesting that the worst of the American recession may be over. The USD was last up 0.2% against the EUR at $1.3235 while against the Yen the Dollar was 0.9 percent higher at 99.00 yen.
U.S. weekly jobless claims decreased in the latest period even as continued claims notched a fresh record high, a sign some investors took as stabilization of the labor market. Analysts said that given the latest sustained stabilization of the U.S. economy, the dollar may begin to perform better due to investors' overall demand for the greenback.
Custom Search
Post a Comment