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Dollar trades mixed on economic data, lower oil prices |
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09:16, July 18, 2008 |
The dollar was mixed against major currencies on Thursday as oil prices fell below 130 U.S. dollars a barrel and U.S. economic data delivered a mixed picture.
Light, sweet crude for August delivery dropped 5.31 dollars to settle at 129.29 dollars a barrel on the New York Mercantile Exchange. Prices have fallen nearly 16 dollars in just the past three days.
The dollar was also bolstered after the U.S. Labor Department reported that the number of newly laid-off people signing up for jobless benefits rose by 18,000 last week to 366,000, below the number that economists had expected.
A Commerce Department report showed that house construction jumped in June by 9.1 percent. But it would have been down 4 percent except for the actions of New York City builders who sped up multi-family projects before new construction rules took hold on July 1.
Single-family homes construction fell 5.3 percent to the slowest pace for singe-family activity since January 1991.
The euro bought 1.5820 dollars in late New York trading compared with 1.5810 dollars it bought late Wednesday. The British pound was unchanged at 1.9992.
The dollar rose to 1.0231 Swiss francs from 1.0179 Swiss francs, and rose to 106.69 Japanese yen from 104.93 Japanese yen. It rose to 1.0068 Canadian dollars from 1.0019 Canadian dollars.
Source: Xinhua
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