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Home>UPDATE: Dollar holds gain after jobless claims, British pounds weakens further

UPDATE: Dollar holds gain after jobless claims, British pounds weakens further

UPDATE: Dollar holds gain after jobless claims, British pounds weakens further

10/05/2017

By Anneken Tappe and Rachel Koning Beals

Sterling hits one-month low after May speech

The dollar on Thursday extended its gain against most European rivals on Thursday, boosted by better-than-expected jobless claims setting a positive tone ahead of Friday's jobs report, that could point to the likelihood of additional interest-rate hikes in 2017.

A significant move in the pound, which fell below $1.32 for the first time in almost a month, was among the more prominent moves drawing the attention of currency traders.

Where are currencies trading?

The ICE U.S. Dollar Index , which measures the U.S. currency against six rivals, was up 0.3% at 93.767. The WSJ U.S. Dollar Index --a broader measure of the greenback--gained 0.2% to 86.80.

The euro was buying $1.1726, down from $1.1761. Meanwhile, the British pound fell to $1.3140--the lowest level since early September--versus $1.3246 late Wednesday. Against the euro the pound plunged half a percent, with one euro buying GBP0.8924.

Another big mover was the Australian dollar , which tumbled to its lowest level since mid-July against the U.S. currency, after some disappointing data down under. One Aussie last bought $0.7807, down from $0.7864 late Wednesday in New York.

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