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US Dollar Shows Mixed Trend Against Yen and Euro in New York Market

(New York = Yonhap Infomax) Reporter Sunyoung Jeong = The value of the US dollar showed a mixed trend.

Euro-Dollar Exchange Rate Tick Yonhap Infomax Chart

The dollar continued to strengthen against the yen despite warnings of Japanese government intervention, but weakened against the euro.

According to Yonhap Infomax (screen no. 6411), at 9:07 am on the 9th (hereafter US Eastern time), the dollar-yen exchange rate in the New York foreign exchange market was 155.660 yen, up 0.022 yen (0.014 %) from the previous price of 155.638 yen.

The Euro-Dollar exchange rate was $1.07522, up $0.00069 (0.06%) from the previous price of $1.07453.

The Euro-Yen exchange rate was 167.37 yen, up 0.14 yen (0.08%) from the previous price of 167.23 yen.

The dollar index, which reflects the value of the dollar against six major currencies, stood at 105.494, up 0.054 points (0.05%) from 105.548 at the previous point.

Market participants noted the increase in the number of unemployment insurance claims released this morning.

According to the US Department of Labor, the number of new unemployment insurance claims for the week ending on the 4th was 231,000 on a seasonally adjusted basis, an increase of 22,000 from the previous week.

This is the highest level since the last week of August last year.

The number of unemployment insurance claimants has recently remained in the 200,000-210,000 range, reflecting the tight job market.

However, as the number of weekly unemployment insurance claimants increased to 230,000, the prospect of a gradual loosening of the job market increased.

The dollar weakened against the euro.

The euro-dollar exchange rate rose to the $1.076 range after the publication of the unemployment insurance claimants index.

Meanwhile, the dollar-yen exchange rate showed support at the 155 yen range due to the cautious intervention of Japanese foreign exchange authorities in dollar sales.

The dollar-yen exchange rate fell to the 152 yen range at one point this month due to actual intervention by the Japanese authorities, and then gradually rose again.

The dollar-yen exchange rate remains in the 155 yen range, proving the possibility of real intervention by the authorities.

On this day, the Bank of England (BOE), England’s central bank, froze its base interest rate.

At the BOE meeting, two members argued in favor of an interest rate cut, suggesting the possibility that interest rate cut discussions could begin in earnest in the future.

The pound-dollar exchange rate fell once to $1.2445 and then rose again to the $1.2511 range.

syjung@yna.co.kr

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This article was published on the Infomax financial information terminal at 22:38, two hours earlier.

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