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Dollars edges up to 1-week highs vs. other dominant

Written By DialyNews on Friday, June 10, 2016 | 8:26:00 AM

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Investment. com - The money edged up to one-week highs against the other major currencies on Comes to an end, as the previous session's upbeat U. S. out of work claims report continued to support optimism in the durability of the U. T. job market.
USD/JPY ended up 0. 15% to 106. 94.
The U. H. dollar regained some floor after the Department of Labor said on Thursday night that the number of individuals filing for preliminary jobless benefits in the week ending June 4 decreased by 4, 1000 to 264, 000 from the previous week's modified total of 268, 1000.
Analysts had expected out of work claims to rise by 3, 000 to 270, 000 last week.
Yet sentiment on the buck remained vulnerable as market segments pushed back expectations on the timing of the next rate hike by the U. S. central bank after last week's dismal employment report for May, which showed the slowest rate of careers growth since September 2010.
In addition, a conversation by Federal Reserve Seat Janet Yellen on Mon indicated that interest levels refuses to rise until uncertainty in the economical outlook is fixed.
Yellen said she desires the monetary recovery to stay but gave no signals on the timing of your next rate increase.
EUR/USD edged down 0. 13% to 1. 1302, the lowest since June 3.
The euro remained under pressure after European Central Bank President Mario Draghi warned on Thursday that weak growth in the euro zone may cause "lasting damage" to areas.
The dollar was steady against the pound, with GBP/USD at 1. 4448 and with USD/CHF at zero. 9653.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0. 47% at zero. 7395 and with NZD/USD slipping 0. 17% to 0. 7091.
Elsewhere, USD/CAD rose 0. 27% to at least one. 2756.
The commodity currencies damaged as oil prices relocated lower for an additional successive session on Friday in the middle of profit-taking.
Investors were seeking the release of Canadian employment data due later in the day.
The U. S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up zero. 10% at an one-week high of 94. 20.