The U.S. dollar experienced a slight decline on Thursday, although the losses were somewhat mitigated by robust weekly jobless claims data, along with positive reports on new home sales and manufacturing activity.
As reported by the Labor Department, initial jobless claims decreased to 227,000 for the week ending October 19th, marking a drop of 15,000 from the previous week’s revised figure of 242,000.
Analysts had anticipated that jobless claims would rise to 242,000, up from the initially reported 241,000 for the prior week.
In a report from the Commerce Department, new home sales jumped by 4.1% to an annual rate of 738,000 in September, after a previous decline of 2.3% which revised the rate down to 709,000 in August.
The dollar index fell to 104.01, reflecting a decrease of approximately 0.4%.
In comparison to the Euro, the dollar weakened to 1.0828 from 1.0783, and against the British Pound, it dropped by more than 0.4% to 1.2973.
Furthermore, the dollar slid against the Japanese yen, trading at 151.83 yen per dollar, down from 152.76 yen on Wednesday. Against the Australian dollar, the U.S. currency slipped slightly to 0.6640.
The Swiss franc appreciated against the dollar, reaching CHF 0.8659. Meanwhile, the Canadian dollar (Loonie) fell to 1.3857 per U.S. dollar, down from 1.3838.
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