Bleak jobs data keeps dollar at one-week high [Reuters]
AllianceBernstein Holding L.P. Units (AB)
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Source: Reuters
Bleak jobs data keeps dollar at one-week high NEW YORK (Reuters) - The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data which showed a record 22 million Americans have sought unemployment benefits in the last month, erasing nearly all job gains since the Great Recession. The dollar index =USD rose as high as 100.3 in morning trade, and was holding near those levels at the end of the North American session, last at 100.03, up 0.40% on the day. The forced closure of businesses across the country, aimed at containing the coronavirus outbreak, has torpedoed the American economy. Initial claims for state unemployment benefits were at 5.25 million for the week ended April 11, down 1.37 million from the week prior, the government said. The deepening economic slump was also amplified by other data on Thursday showing manufacturing activity in the mid-Atlantic region plunged to levels last seen in 1980 and homebuild
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