U.S. dollar slips amid economic data

Xinhua
14 Jan 2022, 02:25 GMT+10

NEW YORK, Jan. 13 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, decreased 0.13 percent at 94.7989.

In late New York trading, the euro rose to 1.1460 U.S. dollars from 1.1448 dollars in the previous session, and the British pound increased to 1.3718 dollars from 1.3711 U.S. dollars in the previous session. The Australian dollar decreased to 0.7288 U.S. dollar from 0.7290 dollar.

The U.S. dollar bought 114.06 Japanese yen, lower than 114.40 Japanese yen of the previous session. The U.S. dollar fell to 0.9107 Swiss franc from 0.9135 Swiss franc, and it fell to 1.2488 Canadian dollars from 1.2501 Canadian dollars.

On the data front, the U.S. Labor Department said on Thursday that the nation's producer price index, also U.S. wholesale prices, rose 0.2 percent in December, the smallest increase in 13 months. The increase fell short of the 0.4-percent forecast by economists.

Meanwhile, a separate report by the Labor Department showed U.S. initial jobless claims, a rough way to measure layoffs, rose by 23,000 to 230,000 in the week ending Jan. 8. Economists polled by The Wall Street Journal had estimated new claims would slip to 200,000.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.

More Information

null in null

Asia Pacific

Section

2 girls from France accused of importing $29 million worth of meth into Australia

BRISBANE, Queensland, Australia - Two French girls barely out of high school remain behind bars after their arrival into Australia's...

Australian's Foreign Minister Penny Wong announces 34 recipients of Maitri Grants

Canberra [Australia], July 13 (ANI): Australia's Minister of Foreign Affairs Penny Wong has announced 34 recipients of this year's...

PhotoFlash | China completes "power expressway loop" around southern Xinjiang desert

(250713) -- MINFENG COUNTY, July 13, 2025 (Xinhua) -- Staff members work on the final section of the 750-kilovolt (kV) loop in Minfeng...

Group Captain Shukla, along Ax-4 crew to undock from ISS on July 14; slashdown on July 15

Houston [US], July 13 (ANI): IAF Group Captain Shubhanshu Shukla, the first Indian astronaut to visit the International Space Station...

Jaishankar set to begin first China visit in five years

By Vishu Adhana Beijing [China], July 13 (ANI) External Affairs Minister S Jaishankar will arrive in Beijing on Sunday evening,...

Jaishankar meets Singapore's counterpart Vivian Bala, says "Singapore is at heart of India's Act East Policy"

Singapore City [Singapore], July 13 (ANI): External Affairs Minister S Jaishankar held a meeting with his Singapore counterpart Vivian...

Business

Section