US dollar slides amid economic data

NEW YORK, June 30 (Xinhua) — The U.S. dollar weakened late in Thursday’s trading as market participants analyzed a flurry of economic data.

The dollar index, which measures the greenback against six major peers, fell 0.40% to 104.6860.

At the close of trade in New York, the euro was up at US$1.0483 from $1.0444 in the previous session, and the pound rose to $1.2182 from US$1.2119 in the previous session. from the previous session. The Australian dollar fell from $0.6875 to US$0.6907.

The US dollar bought 135.55 Japanese yen, lower than 136.54 Japanese yen the previous session. The US dollar fell to 0.9535 Swiss francs from 0.9552 Swiss francs, and it fell to 1.2871 Canadian dollars from 1.2895 Canadian dollars.

On the economic front, personal consumption expenditure (PCE) inflation in the United States rose 0.6% in May for a 6.3% year-on-year gain, the Commerce Department reported Thursday.

The PCE core price index, which excludes food and energy, rose 0.3% for a 4.7% year-on-year increase, the report showed.

Meanwhile, the Labor Department said initial jobless claims in the United States, a rough way to measure layoffs, recorded 231,000 in the week ending June 25, after a revised reading at the up 233,000 the previous week. Economists polled by The Wall Street Journal had estimated the new claims would total 230,000.

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