New York (Archyde.com)
The dollar rose slightly once morest most of the major currencies yesterday following data in the United States indicated the strength of the labor market, which may keep the Federal Reserve tightening monetary policy for a longer period.
The number of Americans filing new applications for unemployment benefits last week increased slightly, less than expected, indicating that job market opportunities remain very large while the economy recovered faster than previously estimated in the third quarter.
The euro fell 0.1% once morest the dollar, recording $1.0595, following rising as much as 0.5% earlier in the session.
However, the dollar fell 0.1 percent once morest the yen, recording 132.32 yen, not far from its lowest level in four months, which it recorded on Tuesday, following an unexpected amendment to the rules governing the yields of the Bank of Japan bonds caused strong bets on the yen.
Gold in spot transactions fell 1 percent to $1,795.36 an ounce by 15:42 GMT, and US gold futures fell 1.2 percent to $1,803.70.
