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Dollar Falls Against Pound, Yen and Euro
The United States dollar fell again on Thursday, a negative forerunner to the Labour Department?s December jobs report.
The United States dollar fell again on Thursday, a negative forerunner to the Labour Department?s December jobs report. Figures showed that first-time joblessness claims declined to 467,000 last week, and the total receiving unemployment benefits was up to 4.6 million.
The dollar was traded at $1.373 to the Euro at 11.30 am on Thursday, while it took Yen 91.03 to buy one dollar. Simultaneously, the Yen had the advantage on the Euro, and was traded at Yen 125.16 to the shared currency.
The pound strengthened over the dollar and Euro following an interest rate cut by thre Bank of England, down to 1.5%. The Bank also announced that it anticipated output to slowly fall during the first half of 2009, with business and consumer confidence waning. The Euro was worth 90.18p at closing, while the Pound was worth $1.5177.