New York (Reuters)
The dollar rose slightly against most major currencies yesterday after data in the US indicated strength in the labor market, which could keep the Federal Reserve’s tight monetary policy going for a longer period.
The number of Americans filing new jobless claims last week rose slightly, less than expected, indicating that job market opportunities remain very ample while the economy has recovered faster than previously estimated in the third quarter.
The euro fell 0.1% against the dollar, posting $1.0595, after rising as much as 0.5% earlier in the session.
But the dollar fell 0.1 percent against the yen, to hit 132.32 yen, not far from its lowest level in four months, recorded on Tuesday, after an unexpected amendment to rules governing Bank bond yields of Japan resulted in heavy bets on the yen.
Gold in spot transactions was down 1% to $1,795.36 an ounce as of 15:42 GMT, and US gold futures were down 1.2% to $1,803.70.
