U.S. dollar rises amid ECB decision, economic data
Oct 28, 2022
New York (US), October 28: The U.S. dollar appreciated in late trading on Thursday as market participants parsed a key decision by the European Central Bank (ECB) and newly-released economic data.
The dollar index, which measures the greenback against six major peers, increased 0.81 percent to 110.5870.
In late New York trading, the euro was down to 0.9965 U.S. dollars from 1.0084 dollars in the previous session, and the British pound was down to 1.1561 U.S. dollars from 1.1626 dollars in the previous session.
The U.S. dollar bought 146.25 Japanese yen, lower than 146.30 Japanese yen of the previous session. The U.S. dollar increased to 0.9916 Swiss francs from 0.9865 Swiss francs, and it fell to 1.3559 Canadian dollars from 1.3570 Canadian dollars. The U.S. dollar rose to 10.9569 Swedish Kronor from 10.8675 Swedish Kronor.
The ECB on Thursday decided to raise key interest rates by 75 basis points after a regular governing council meeting.
On the data front, the U.S. Commerce Department reported Thursday that the U.S. economy grew at an annualized rate of 2.6 percent in the third quarter of this year, following two straight quarters of contraction.
The U.S. Labor Department said that the nation's initial jobless claims, a rough way to measure layoffs, increased by 3,000 to 217,000 in the week ending Oct. 22.
Source: Xinhua
