© Reuters. Dollar pushes higher vs. rivals as U.S. jobless claims support Investing.com – The dollar extended gains against the other major currencies on Thursday, after the release of upbeat U.S. jobless claims data added to optimism sparked by the Federal Reserve’s decision to raise interest rates for the first time in nearly a decade.
rose 0.22% to 122.47.
The U.S. Department of Labor said in the week ending December 11 decreased by 11,000 to 271,000 from the previous week’s total of 282,000. Analysts expected jobless claims to fall by 7,000 to 275,000 last week.
Separately, the Federal Reserve Bank of Philadelphia said that its deteriorated to -5.9 this month from November’s reading of 1.9. Analysts had expected the index to dip to 1.5 in December.
The reports came a day after by a quarter of a percentage point to between 0.25% and 0.50% at the conclusion of its two-day policy meeting. It was the first rate hike in the U.S. since 2006.
Commenting on the decision, Fed Chair Janet Yellen said that further rate hikes would be gradual and data dependent.
dropped 0.65% to 1.0839.
The German research institute Ifo earlier reported that its fell to 108.7 this month from a reading of 109.0 in November, below forecasts for 109.0.
Elsewhere, the dollar was higher against the pound and the Swiss franc, with down 0.55% at 1.4916 and with climbing 0.68% to 0.9969.
The pound trimmed some losses after the U.K. Office for National Statistics reported that increased by 1.7% last month, blowing past forecasts for a gain of 0.5%. Retail sales in October fell by 0.5%, whose figure was revised from a previously reported decline of 0.6%.
Year-on-year, rose at a rate of 5.0% in November, easily surpassing expectations for a 3.0% gain, after rising at a rate of 4.2% a month earlier.
, which exclude automobile sales, jumped by 1.7% last month, above forecasts for a 0.6% increase and following a decline of 0.8% in September.
The Australian and New Zealand dollars were weaker, with down 0.66% at 0.7180 and with declining 0.82% to 0.6741.
Meanwhile, gained 0.38% to trade at 1.3837, just below the previous session’s more than 11-year peak of 1.3848.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.60% at 98.99, the highest level since December 3.
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Greenback extends good points after upbeat U.S. jobless knowledge
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