US dollar falls

New York, Sep 25 (IANS) The US dollar fell against most major currencies on Thursday as the economic data from the country came out mixed.

In late New York trading, the euro rose to $1.1220 from $1.1208 in the previous session, and the British pound dropped to $1.5237 from $1.5262 in the previous session, Xinhua reported.

The Australian dollar increased to $0.7036 from $0.6999.

The dollar index, which measures the greenback against six major currencies, was down 0.08 percent to 95.995 in late trading.

The US dollar bought 120.03 Japanese yen, lower than 120.14 yen of the previous session. The US dollar declined to 0.9761 Swiss franc from 0.9767 Swiss franc and fell to 1.3317 Canadian dollars from 1.3332 Canadian dollars.

The US Commerce Department announced on Thursday that new orders for manufactured durable goods in August declined $4.8 billion, or two percent, to $236.3 billion.

Meanwhile, in the week ending September 19, the advance figure for seasonally adjusted initial jobless claims was 267,000, up 3,000 from the previous week’s unrevised level, according to the US Labor Department on Thursday.

The latest reading was below market consensus of 275,000.

The greenback extended losses against the euro Thursday after the European Central Bank pPresident Mario Draghi said in the previous session that the bank needed more assessment before unleashing further stimulus.

Analysts said Draghi’s comments lowered market expectation of an immediate easing, thus driving the euro up against the greenback.

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