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Dollar briefly extends losses vs yen after mixed US data

by on September 27, 2012 12:50 pm GMT
 

NEW YORK, Sept 27 |
Thu Sep 27, 2012 8:50am EDT

(Reuters) – The dollar briefly extended
losses versus the Japanese yen and temporarily erased losses
versus the euro on Thursday after an array of mixed U.S.
economic data.

Against the yen, the dollar fell as low as 77.55 yen after
the data and last traded at 77.64, down 0.1 percent on
the day and unchanged from around where it was trading before
the data.

The euro fell as low as $1.2863 after the data. It last
traded at $1.2882, up 0.1 percent on the day. It had been
trading at $1.2874 before the release of the data.

The number of Americans filing new claims for jobless
benefits fell last week to the lowest level in two months.

Meanwhile, new orders for long-lasting U.S. manufactured
goods in August fell by the most in 3-1/2 years.

Additionally, U.S. economic growth was much weaker than
previously estimated in the second quarter as a drought cut into
inventories.