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  • Dollar Mixed on Rising Bond Yield, Upbeat Data

    Published on December 17, 2010

    The U.S. dollar traded mixed against major currencies as bond yield went up and jobless situation got better.

    U.S. Treasury prices posted fresh session lows and the yield on the benchmark 10-year note touched a session high of 3.56 percent, up from 3.52 percent on Wednesday.

    Initial jobless claims fell 3,000 to a seasonally adjusted 420, 000, the Labor Department said on Thursday, in line with forecasts, suggesting growth in the labor market.

    Meanwhile, a report showed factory activity growth in the U.S. Mid-Atlantic region unexpectedly rose in December. The Philadelphia Federal Reserve Bank said its business activity index rose to 24.3 in December after a jump to 22.5 the month before. It was the highest reading since April 2005.

    The euro dipped near 1.3196 against the dollar on Thursday after sliding more than 1 percent on Wednesday.

    In late Thursday trading, the dollar bought 84.12 Japanese yen, comparing with 84.43 late Wednesday, and the euro rose to 1.3215 dollars from 1.3213.

    The British pound rose to 1.5606 dollars from 1.5539. The dollar rose from 0.9690 to 0.9693 against Swiss francs, and rose to 1.0059 Canadian dollars from 1.0039.

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