By Karen Brettell
NEW YORK (Reuters) – The dollar fell and the euro hit a one-year high against the U.S. currency on Thursday after producer prices fell last month, adding to expectations that the Federal Reserve is nearing the end of its tightening cycle.
Wholesale prices fell 0.5% in March and core prices dipped 0.1%.
Other data showed that the number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up as higher borrowing costs dampen demand in the economy.
The euro reached $1.10470, the highest since April 4, 2022, and was last at $1.1032, up 0.32% on the day. The dollar index fell to 101.10, the lowest since April 2.
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Currency bid prices at 8:46AM (1246 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 101.1600 101.4800 -0.31% -2.251% +101.6000 +101.1000
Euro/Dollar $1.1032 $1.0991 +0.38% +2.96% +$1.1047 +$1.0977
Dollar/Yen 132.8250 133.1950 -0.27% +1.32% +133.3850 +132.7700
Euro/Yen 146.54 146.33 +0.14% +4.45% +146.8800 +146.1400
Dollar/Swiss 0.8894 0.8964 -0.76% -3.80% +0.8974 +0.8880
Sterling/Dollar $1.2516 $1.2485 +0.26% +3.50% +$1.2531 +$1.2478
Dollar/Canadian 1.3390 1.3440 -0.32% -1.12% +1.3448 +1.3388
Aussie/Dollar $0.6751 $0.6694 +0.84% -0.98% +$0.6753 +$0.6687
Euro/Swiss 0.9810 0.9850 -0.41% -0.86% +0.9858 +0.9800
Euro/Sterling 0.8812 0.8802 +0.11% -0.36% +0.8817 +0.8793
NZ $0.6269 $0.6216 +0.84% -1.29% +$0.6270 +$0.6204
Dollar/Dollar
Dollar/Norway 10.3820 10.4280 -0.32% +5.92% +10.4470 +10.3950
Euro/Norway 11.4574 11.4740 -0.14% +9.18% +11.4880 +11.4490
Dollar/Sweden 10.3178 10.3505 +0.15% -0.86% +10.3578 +10.3129
Euro/Sweden 11.3845 11.3679 +0.15% +2.11% +11.4044 +11.3580
(Reporting by Karen Brettell; Editing by Angus MacSwan)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.