Dollar trades in tight range after US jobs data

Associated Press

Posted on December 22, 2011 at 1:02 PM

NEW YORK (AP) ? The dollar is little changed against the euro after the U.S. government said the number of people applying for unemployment benefits dropped last week.

The Labor Department said first-time applications for unemployment benefits fell 4,000 to 364,000, the fewest since April 2008.

The euro edged up to $1.3050 in midday trading Thursday from $1.3044 late Wednesday.

In other trading, the British pound was unchanged at $1.5671 from late Wednesday. The dollar inched up to 78.12 yen from 78.09 yen.

The U.S. currency fell to 0.9357 Swiss franc from 0.9362, and to 1.0207 Canadian dollar from 1.0280.

Source: http://www.wfaa.com/news/business/136081978.html

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