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Dollar Struggles Ahead Of Jobless Claims

The dollar was mixed Thursday morning in New York, easing versus its European rivals despite renewed concerns about the health of the Spanish and Portuguese banking sector.

Last night, the dollar was stung by remarks from Fed official Linda Yellen, who signaled support for the central bank's highly accomodative monetary policy.

Traders were looking ahead to the latest weekly jobless claims data from the U.S., six days after an unexpectedly poor jobs report rattled equity markets.

The dollar eased to $1.3140 versus the euro, having topped out near $1.30 earlier this month.

The buck came under modest pressure versus the sterling, sliding to $1.5925 from near $1.5875.

Choppy dealing found the dollar somewhat improved versus the yen after three days of losses. The dollar rose to Y81.10, having touched a monthly low near Y80.60.

by RTT Staff Writer

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