Dollar rises after upbeat economic data

2021-10-21 20:43:27 GMT (Economies.com)
Dollar rises after upbeat economic data

The US dollar rose against most of its counterparts on Thursday, after the release of upbeat economic data, amid safe haven demand.

 

The US Department of Labor revealed that the number of initial unemployment claims fell to the lowest level since the beginning of the coronavirus pandemic at 290K last week from 298K, and lower than forecasts of 296K.

 

Many major companies reported their quarterly business results for the third quarter, led by Tesla and IBM's reports.

 

This comes amid renewed concerns over the coronavirus pandemic impact on global economies, after British Prime Minister Boris Johnson revealed today that Covid-19 infections are rising.

 

The dollar index rose against a basket of major currencies by 0.2% to 93.7 points as of 19:09 GMT, after hitting a high of 93.7 points and a low of 93.5 points.

 
 
 
  Symbol Last Change Chg.%
1.1311
0.0040
0.3589%
1.3325
0.0015
0.1119%
Tadawul
10810.60
-60.02
0.55%
22.928
-0.117
0.508%
69.471
-2.930
4.047%
73.85
0.41
0.56%
1790.925
5.835
0.327%
 
 
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