Euro Jumps To 14-month High Against Dollar
NEW YORK (AP) â¿¿ The euro hit a 14-month high against the dollar Thursday after the release of the latest U.S. jobs and consumer spending data.
The Labor Department said Thursday that weekly applications for unemployment benefits rose by 38,000 to a seasonally adjusted 368,000. And the Commerce Department said that consumer spending rose 0.2 percent last month, at a slightly slower pace than the 0.4 percent increase in November.
All eyes are now on the January employment report, set for release Friday.
The euro rose to $1.3574 in late trading Thursday from $1.3567 late Wednesday. The euro jumped as high as $1.3594 earlier, its highest point against the dollar since Nov. 18, 2011.The dollar rose to 91.38 Japanese yen from 91.20 yen. The dollar jumped as high as 91.55 Japanese yen Thursday, its highest point against the yen since June 16, 2010, on expectations that Japan will continue to keep interest rates low to boost the economy. In other trading, the British pound rose to $1.5859 from $1.5793. The dollar fell to 0.9098 Swiss franc from 0.9111 Swiss franc and to 99.76 Canadian cents from 1.0015 Canadian dollar.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV