Dollar falls on mixed US data

AP News
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Posted: Aug 16, 2012 3:58 PM

NEW YORK (AP) — The dollar fell against the euro Thursday after jobs and housing data painted a mixed picture of the U.S. economy.

The Labor Department said that the number of Americans applying for unemployment benefits rose this week by 2,000 to a seasonally adjusted 366,000.

In a separate report, the Commerce Department said that builders broke ground on slightly fewer homes in July than June. But applications for building permits rose to their highest level since August 2008, a positive sign for future construction.

The euro rose to $1.2362 in late trading Thursday from $1.2290 late Wednesday. The British pound rose to $1.5740 from $1.5687.

The dollar fell to 0.9717 Swiss franc from 0.9773 Swiss franc.

The dollar rose to 79.25 Japanese yen from 78.88 yen.