NEW YORK: A report on Thursday showing that the number of Americans filing new claims for unemployment benefits fell more than expected last week did little to dent the safe-haven appeal of the dollar, which earlier in the session hit a week high against the euro.
The dollar index dipped slightly following the US Labour Department's report, but largely held onto the gains it made this week as the euro has fallen. Analysts suggested that the data itself was not strong enough to merit a strong risk-on move and that a seasonal adjustment may have made the drop appear bigger than it was.
After the euro touched $1.20 earlier this week, worries brewed in the market that the rise had come too fast and strong for the ECB's liking. The euro was last down 0.13% at $1.184, having slipped earlier in the session to a one-week low of $1.1789. The dollar index was up 0.11% to 92.82.
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