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Dollar little changed vs. rivals in quiet trade

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Investing.com -

Investing.com - The dollar was little changed against the other major currencies in quiet trade on Friday, as no U.S. data was to be released throughout the trading session and markets seemed to shrug off Thursday's upbeat U.S. jobless claims report.

The dollar was steady against the euro, with EUR/USD up 0.03% to 1.3613.

The euro remained under pressure after data on Thursday showing that industrial output in France, Italy and Holland declined in May added to concerns over the outlook for the euro zone economy.

In addition, market sentiment was hit by growing fears over financial troubles at the family-owned holding companies behind Espirito Santo Financial Group, Portugal's largest listed bank.

Markets seemed to shrug off a report by the U.S. Department of Labor on Thursday, saying that the number of individuals filing for initial jobless benefits in the week ending July 5 declined by 11,000 to a 304,000 from the previous week's total of 315,000.

The pound was almost unchanged against the dollar, with GBP/USD dipping 0.02% to 1.715029.

The dollar was steady against the yen and the Swiss franc, with USD/JPY inching down 0.03% to 101.31 and with USD/CHF down 0.01% to 0.8921.

The greenback was steady to lower against the Australian, New Zealand and Canadian dollars, with AUD/USD up 0.03% to 0.9397, NZD/USD easing 0.01% to 0.8821 and USD/CAD slipping 0.14% to 1.0635.

In Australia, official data earlier showed that home loans were flat in May, compared to expectations for a decline of 1.0%, after a 0.2% downtick the previous month.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.05% to 80.13.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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