Pacific Chiba Trust Archived Press 2015

Dollar pares losses after positive U.S. jobless data report Pacific Chiba Trust The U.S. dollar trimmed losses against a basket of the six major currencies on Thursday, supported by data showing a drop in U.S. jobless claims to their lowest level since November 1973 . The number of individuals filing for initial jobless benefits in the week ending July 18 dropped by 26,000 to 255,000, compared with a total of 281,000 in the previous week. Analysts had expected initial jobless claims to fall by 1,000 to 280,000 last week , said the U.S. Department of Labor in a report last Thursday. Such data came after Federal Reserve Chair Janet Yellen said last week that the central bank would likely raise rates "at some point this year ." “The dollar index fell by 0.36% at 97.27, off one-week lows of 96.97 hit earlier in the day . The euro rose 0.53% against the greenback to one-week highs of 1.0985 after a majority of Greek lawmakers voted for the second set of reforms late We...