U.S. dollar falls against euro amid new stimulus plan in eurozone

Xinhua

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The U.S. dollar declined against most major currencies Thursday and the euro/dollar rate went up 0. 39 percent in late trading as European Central Bank (ECB) launched a new asset purchase plan to stimulate the waning economy in the eurozone.

In a press conference following the ECB governing council meeting Thursday, ECB President Mario Draghi unveiled a plan to buy covered bonds and asset-backed securities for at least two years to inject liquidity to the bloc's stagnated economy but failed the market expectations to provide details on the size of the purchase.

On economic front, the U.S. Labor Department said Thursday that in the week ending Sept. 27, the advance figure of seasonally adjusted initial claims for jobless benefits fell to 287,000, a decrease of 8,000 from the revised level of the previous week.

Investors were awaiting the closely-watched nonfarm payroll report for September due out Friday to get a more comprehensive view of the U.S. labor market.

Meanwhile, new orders for U.S. manufactured goods in August fell 10.1 percent from the previous month, the U.S. Commerce Department said Thursday.

In late New York trading, the euro increased to 1.2674 dollars from 1.2609 dollars in the previous session, and the British pound slipped to 1.6145 dollars from 1.6177 dollars. The Australian dollar went up to 0.8804 dollar from 0.8726 dollar.

The dollar bought 108.41 Japanese yen, lower than 109.19 yen of the previous session. The dollar went down to 0.9537 Swiss francs from 0.9571 Swiss francs, and it moved down to 1.1155 Canadian dollars from 1.1175 Canadian dollars.