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Dollar falls against euro, yen

Dollar falls against euro, yen

LONDON:The dollar was lower against the euro and the yen on Thursday after unsatisfactory US economic data.
EUR/USD edged up 0.10% to 1.2519, extending its pullback from the two year trough of 1.2359 struck on Monday.
Data on Wednesday showed that initial jobless claims rose to the highest level since early September last week, while personal spending rose less than expected. Durable goods orders rose in line with forecasts, but core durable goods orders fell unexpectedly.
Other reports showed that U.S. consumer sentiment was revised lower, manufacturing activity in the Chicago region slowed and data from the housing sector was mixed.
The data indicated that the recovery in the U.S. is continuing, albeit at a modest pace.
Trade volumes were expected to remain light on Thursday, with U.S. markets closed for the Thanksgiving holiday.