U.S. dollar edges lower after disappointing jobless claims data

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The U.S. dollar decreased modestly in late trading on Thursday after data showed the number of Americans filing for unemployment benefits jumped back above 1 million last week.

The dollar index, which measures the greenback against six major peers, fell 0.09 percent at 92.7998.

In late New York trading, the euro decreased to 1.1850 U.S. dollars from 1.1856 dollars in the previous session, and the British pound rose to 1.3207 dollars from 1.3115 U.S. dollars in the previous session. The Australian dollar was down to 0.7191 U.S. dollar from 0.7203 dollar.

The U.S. dollar bought 105.77 Japanese yen, lower than 105.90 Japanese yen of the previous session. The U.S. dollar was down to 0.9084 Swiss franc from 0.9136 Swiss franc, and it decreased to 1.3178 Canadian dollars from 1.3186 Canadian dollars.

U.S. initial jobless claims, a rough way to measure layoffs, increased by 135,000 to 1.106 million in the week ending Aug. 15, reflecting a still-elevated level of joblessness in the nation, the Department of Labor reported on Thursday.

Economists polled by MarketWatch had forecast 910,000 new claims during the week. Enditem

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