Dollar advances after robust US growth data

2020-10-29 18:55:32 GMT (Economies.com)
Dollar advances after robust US growth data

The US dollar surged against most of its major rivals on Thursday, after the release of upbeat US economic data.

 

The US Department of Labor reported today that the unemployment claims fell 40,000 to 751,000 during the past week.

 

The advanced reading for the US GDP showed growth by 33.1% during the third quarter.

 

Major tech companies such as Apple, Google, and Facebook will report later today their business results for the third quarter.

 

Otherwise, the rising number of Covid-19 infections in the US and other countries, especially in Europe, has forced some governments to re-impose lockdown restrictions to curb the deadly pandemic.

 

The dollar index rose against a basket of currencies by 0.7% to 94.03 points as of 19:13 GMT, after it hit a high of 94.1 and a low of 93.3.

 
 
 
  Symbol Last Change Chg.%
1.1926
0.0032
0.2678%
1.3332
-0.0051
0.3837%
Tadawul
8693.47
65.41
0.76%
23.253
-0.792
3.296%
45.315
2.490
5.814%
48.10
0.30
0.63%
1808.040
-58.470
3.133%
 
 
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