|
NEW YORK (AP) - The dollar strengthened against most major currencies Thursday after U.S. data indicated stronger employment and manufacturing but slower economic growth in the short term.
The euro was quoted at $1.3492 in late New York trading, down slightly from $1.3520 late Wednesday, and nearly two cents off its all-time high of $1.3682, set on April 27.
In positive economic news Thursday, the U.S. Labor Department reported that jobless claims fell last week for the fifth straight week. Also, the Federal Reserve Bank of Philadelphia's manufacturing index showed a wider-than-anticipated increase in May, indicating stronger expansion.
|