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FOREX-Dollar index hits 2-month high on upbeat U.S. data

Published 07/10/2016, 02:34 am
Updated 07/10/2016, 02:40 am
© Reuters.  FOREX-Dollar index hits 2-month high on upbeat U.S. data
EUR/USD
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USD/JPY
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DX
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DE2YT=RR
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US2YT=X
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DXY
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* Dollar gets lift with U.S. jobless claims near 43-year low

* Greenback hits one-month peak versus yen

* ECB commitment on bond purchases puts pressure on euro

* Worries on "hard" Brexit knocks pound to 31-year low vs dollar (Updates market action, changes dateline, previous LONDON)

By Richard Leong

NEW YORK, Oct 6 (Reuters) - The dollar gained against a basket of currencies on Thursday, hitting its strongest level in two months as encouraging data on U.S. jobs reinforced the view the Federal Reserve would raise interest rates at the end of the year.

Sterling on the other hand fell to a fresh 31-year low versus the greenback on renewed anxiety about the repercussion from Britain's "hard" exit from the European Union. filings for U.S. jobless benefits unexpectedly fell to a near 43-year low, the U.S. Labor Department said. claims figures came ahead of the government's payrolls report due at 8:30 a.m. (1230 GMT) on Friday, in which analysts polled by Reuters forecast a hiring of 175,000 workers in September. ECONUS

"It looks like the U.S. economy is righting itself at the end of the third quarter," said Christopher Vecchio, currency analyst at DailyFX in New York.

The growing spread between U.S. and German bond yields has also bolstered the greenback. The difference between two-year U.S. and German government debt hovered at 1.51 percentage points on Thursday, its widest in a decade. US2YT=RR DE2YT=RR

The dollar index was last up 0.5 percent at 96.552 after touching its highest level since early August. .DXY

The greenback reached a one-month peak versus the yen, last up 0.4 percent at 103.92 yen. JPY=

The euro slipped against the dollar after the European Central Bank released minutes on its Sept. 7-8 meeting where policymakers agreed on ongoing monetary stimulus to support the euro zone economy. minutes undermined speculation the ECB would consider tapering its monthly bond purchases as it may conclude its quantitative easing program, perhaps as early as March 2017.

The single currency was down 0.3 percent at $1.1166. EUR=

The euro touched a near five-week high versus the yen at 116.28 yen before retreating to 116.07 yen, up 0.1 percent on the day. EURJPY=

Sterling slipped against the dollar as investors fretted over signs that the British government is ready to prioritize controls on immigration over membership of the European Union's single market.

The pound was 0.9 percent lower at $1.2634 after touching a fresh three-decade low of $1.2622 GBP=D4 .

It fell to a five-year low against euro at 88.51 pence earlier Thursday. It was last down 0.5 percent at 88.30 pence per euro. EURGBP= ========================================================

Currency bid prices at 11:23AM (1523 GMT) Description Last

U.S. Close Pct Change YTD Pct

Previous

Change

Session

Euro/Dollar $1.1166

$1.1202

-0.32%

+2.82% Dollar/Yen 103.9900

103.4900

+0.48%

-13.69% Euro/Yen

116.14

115.96

+0.16%

-11.85% Dollar/Swis 0.9800

0.9740

+0.62%

-2.18% s

Sterling/Do 1.2646

1.2748

-0.80%

-14.19% llar

Dollar/Cana 1.3224

1.3175

+0.37%

-4.44% dian

Australian/ 0.7568

0.7622

-0.71%

+4.03% Dollar

Euro/Swiss 1.0943

1.0914

+0.27%

+0.52% Euro/Sterli 0.8828

0.8787

+0.47%

+19.83% ng

NZ

0.7146

0.7166

-0.28%

+4.70% Dollar/Doll

ar

Dollar/Norw 8.0459

8.0159

+0.37%

-8.98% ay

Euro/Norway 8.9875

8.9917

-0.05%

-6.39% Dollar/Swed 8.6211

8.5877

+0.01%

+2.51% en

Euro/Sweden 9.6274

9.6262

+0.01%

+4.62%

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