Social News XYZ     

US dollar slides amid jobless blowout

US dollar slides amid jobless blowout

New York, March 27 (SocialNews.XYZ) The US dollar lost strength on Thursday after data showed a record surge in the number of Americans applying for jobless benefits due to the coronavirus outbreak.

In late New York trading, the euro was up to $1.1040 from $1.0867 in the previous session, and the British pound was up to $1.2151 from $1.1870 in the previous session. The Australian dollar was up to $0.6080 from $0.5960, Xinhua reported.

The US dollar bought 109.23 Japanese yen, lower than 111.36 Japanese yen of the previous session. The US dollar was down to 0.9622 Swiss franc from 0.9779 Swiss franc, and it was down to 1.4029 Canadian dollars from 1.4204 Canadian dollars.


US initial jobless claims, a rough way to measure layoffs, were registered at 3,283,000 in the week ending March 21, an increase of 3,001,000 from the previous week's revised level, the Department of Labor reported on Thursday. The reading easily topped market consensus.

The dollar index, which measures the greenback against six major peers, decreased 1.67 per cent at 99.3761 in late trading.

Source: IANS

Facebook Comments
US dollar slides amid jobless blowout

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at

PHP Code Snippets Powered By :
%d bloggers like this: