NEW YORK (Dow Jones/AP) - The dollar continued its week-long pullback Thursday, hit by a combination of poor data and diminished expectations that interest rates will start rising anytime soon.
The dollar has been on its back foot since failing to rally on last Friday's jump in U.S. payrolls, and the most recent set of data didn't do much to change increasingly bearish sentiment toward the U.S. currency.
The U.S. trade deficit widened to $41.3 billion in September from an upwardly revised $39.5 billion in August, worse than expectations of a $40.5 billion gap.
In late New York trading, the euro was quoted at $1.1733, up from $1.1633 late Wednesday. The dollar was quoted at 108.17 yen, down from 108.75 yen late Wednesday. The dollar was quoted at 1.3376 Swiss francs, down from 1.3502, and 1.3010 Canadian dollars, down from 1.3025. The British pound rose to $1.6866 from $1.6733.
Posted in Business on Friday, November 14, 2003 12:00 am
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