(Updates throughout, changes byline, dateline, previous LONDON)
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E
By Caroline Valetkevitch
NEW YORK, Aug 6 (Reuters) - The dollar rose on Thursday, bouncing back from recent weakness after U.S. data showed fewer Americans sought jobless benefits last week.
The dollar index briefly pared gains before gaining ground following the claims data, which also showed 31.3 million people were receiving unemployment checks in mid-July, suggesting the U.S. labor market was stalling. dollar index, which measures the dollar against a basket of currencies, was last up 0.3% at 93.057. =USD The index lost 4% in July.
"The market is mostly just consolidating a little bit after this amazing weakness we've had of late," said Axel Merk, president and chief investment officer at Merk Hard Currency Fund in Palo Alto, California.
At the same time, "the weakest currencies are the ones that have been doing the best in recent days."
The euro was down 0.1% at $1.1844 against the dollar after reaching a two-year high of $1.1916 EUR=EBS .
Analysts worried that programs such as unemployment benefits are covering up underlying damage to the economy.
Investors were waiting for U.S. lawmakers to agree on a new package of support for the United States. With no sign of an agreement in sight, Republicans and Democrats remained trillions of dollars apart. emerging markets, Turkey's lira earlier hit a record low against the euro. Analysts warned of inflation and predicted state attempts to aid the currency would struggle. is a concern because that it could have ripple effects elsewhere," Merk said.
The Aussie dollar was last up 0.4% at $0.7221 against the U.S. dollar. AUD=D3
Australia's second-biggest city, Melbourne, started a six-week total lockdown on Thursday, following a resurgence of COVID-19 cases. bid prices at 11:04AM (1504 GMT) Description
RIC
Last
U.S. Close Pct Change
YTD Pct
High Bid
Low Bid
Previous
Change
Session
Euro/Dollar
EUR=
$1.1844
$1.1861
-0.14%
+5.66%
+1.1915
+1.1819 Dollar/Yen
105.5000
105.5700
-0.07%
-3.09%
+105.6900 +105.3100 Euro/Yen
EURJPY=
124.96
125.25
-0.23%
+2.47%
+125.5800 +124.6900 Dollar/Swiss
CHF=
0.9106
0.9083
+0.25%
-5.91%
+0.9129
+0.9066 Sterling/Dollar GBP=
1.3143
1.3112
+0.24%
-0.87%
+1.3185
+1.3113 Dollar/Canadian CAD=
1.3295
1.3264
+0.23%
+2.38%
+1.3322
+1.3243 Australian/Doll AUD=
0.7221
0.7191
+0.42%
+2.85%
+0.7223
+0.7175 ar
Euro/Swiss
EURCHF=
1.0788
1.0775
+0.12%
-0.60%
+1.0807
+1.0753 Euro/Sterling
EURGBP=
0.9010
0.9044
-0.38%
+6.58%
+0.9053
+0.8985 NZ
NZD=
0.6658
0.6645
+0.20%
-1.16%
+0.6669
+0.6629 Dollar/Dollar
Dollar/Norway
8.9830
8.9499
+0.37%
+2.33%
+9.0171
+8.9043 Euro/Norway
EURNOK=
10.6427
10.6176
+0.24%
+8.18%
+10.6738
+10.6076 Dollar/Sweden
SEK=
8.6966
8.6666
+0.18%
-6.95%
+8.7225
+8.6267 Euro/Sweden
EURSEK=
10.3019
10.2833
+0.18%
-1.59%
+10.3241
+10.2702