NEW YORK, July 26 |
(Reuters) – The euro rose to a one week
high against the dollar o n T hursday after the number of
Americans filing new claims for jobless benefits fell last week
to near a four-year low, a hopeful sign for a labor market that
has shown signs of weakness and prompting investors to increase
The euro rose as high as $1.2309 from $1.2278 just
before the release of the data. It was last up 1.2 percent at
The dollar was little changed at 78.13 yen, up from the
78.05 it traded at before the release.
A separate report showed new orders for a range of
long-lasting U.S. manufactured goods fell in June and a gauge of
planned business spending plans dropped, pointing to a slowdown
in factory activity..