Dollar Recoups From Early Slump
The dollar recovered from an early sell-off to end mostly higher Thursday on stronger-than-expected U.S. economic data, more weakness in Europe and unfounded rumors of a coup in Thailand.
Traders also bought dollars ahead of the Labor Department’s report today on July unemployment, a sensitive barometer of interest rate and inflation trends.
The report was expected to show a continuation of the steady and noninflationary growth in the U.S. economy that has helped underpin the dollar for months.
Exchange Currency in Dollars Dollar in foreign currency
Canada .7255 1.3784
France .1613 6.1990
Germany .5440 1.8384
Great Britain 1.6420 .6090
Italy .000558 1793.00
Japan .008432 118.59
Mexico .128041 7.8100