Dollar falls in mid-day Asian trade

The U.S. dollar confused broadly lower adjoin its above counterparts in Asian barter Friday, as black activity abstracts acute focus on a appointed accent from U.S. Federal Reserve Chairman Ben Bernanke.

In mid-day Asian trade, the greenback was lower adjoin the euro, with EUR/USD accepting 0.20% to hit 1.4407.

In abstracts appear Thursday by the U.S. Department of Labor, the cardinal of Americans filing for unemployment abetment rose by 5,000 to a seasonally adapted 417,000, in the anniversary catastrophe August 19. Market expectations were for abandoned claims to abatement to 405,000 from 412,000 the antecedent week.

In addition, the Activity Department said those who abide to accept accompaniment unemployment checks fell by 80,000 to 3.64 actor in the anniversary concluded Aug 13. Continuing claims are appear with a one-week lag, and expectations were for a abatement to 3.70 million.

Wall Street shares airtight a three-day acceptable streak, with the the Dow Jones Industrial Average falling 1.5% to 11,149.82, the Nasdaq Composite Basis beneath 1.95% to 2,419.63, and the S&P 500 absent 1.56%. to 1,159.27.

Meanwhile, the greenback was bottomward adjoin the British pound, with GBP/USD up by 0.13% to 1.6302.

The dollar surrendered arena to both the Japanese yen and the Swiss franc with USD/JPY beat 0.20% to hit 77.31, and USD/CHF lower by 0.02% to hit 0.7932.

The greenback was lower adjoin its Canadian, Australian and New Zealand counterparts with USD/CAD bottomward 0.12% to hit 0.9868, AUD/USD lower by 0.44% to hit 1.0476, and NZD/USD ascent 0.45% to hit 0.8308.

The dollar index, which advance the achievement of the greenback against a bassinet of six added above currencies, was bottomward 0.19% at 74.18.

Later in the day Friday, afterward Bernanke’s appointed accent in Jackson Hole, Wyoming, the U.S. Bureau of Economic Analysis was to absolution annual gross calm artefact figures. GDP in the U.S. was accepted to appearance a 1.1% acceleration for the three-month period.