The dollar rose against other major currencies on Thursday (Friday morning GMT), because investors expect non-farm payroll report on Friday will show the US labor market improvement.
The possibility of positive jobs data sparked market speculation that the US Federal Reserve will raise interest rates this year. The dollar index, which measures the greenback against six major currencies, rose 0.43 percent to 96.373 at the end of trading, the highest level since September 2003, Xinhua reported.
On the side of the US economy, preliminary figures seasonally adjusted initial jobless claims for the week ending February 28 rose 7,000 from the previous week's revised level be 320,000, exceeding the market consensus, the US Labor Department reported Thursday.
The Commerce Department reported Thursday that new orders for manufactured goods in January fell 0.2 percent, down for six consecutive months.
In addition, the euro fell against the US dollar to its lowest level in nearly 12 years after the European Central Bank (ECB) on Thursday announced that its quantitative easing program of 1.1 trillion euros will begin on March 9.
At the end of trading in New York, the euro fell to 1.1027 dollars from 1.1074 dollars in the previous session, and the British pound fell to 1.5238 dollars from 1.5261 dollars. The Australian dollar fell to 0.7774 dollars from 0.7820 dollars.
The US dollar bought 120.16 Japanese yen, up from 119.71 yen in the previous session. The US dollar edged up to 0.9747 Swiss francs from 0.9629 Swiss francs, and rose to 1.2508 Canadian dollars from 1.2414 Canadian dollars.
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The possibility of positive jobs data sparked market speculation that the US Federal Reserve will raise interest rates this year. The dollar index, which measures the greenback against six major currencies, rose 0.43 percent to 96.373 at the end of trading, the highest level since September 2003, Xinhua reported.
On the side of the US economy, preliminary figures seasonally adjusted initial jobless claims for the week ending February 28 rose 7,000 from the previous week's revised level be 320,000, exceeding the market consensus, the US Labor Department reported Thursday.
The Commerce Department reported Thursday that new orders for manufactured goods in January fell 0.2 percent, down for six consecutive months.
In addition, the euro fell against the US dollar to its lowest level in nearly 12 years after the European Central Bank (ECB) on Thursday announced that its quantitative easing program of 1.1 trillion euros will begin on March 9.
At the end of trading in New York, the euro fell to 1.1027 dollars from 1.1074 dollars in the previous session, and the British pound fell to 1.5238 dollars from 1.5261 dollars. The Australian dollar fell to 0.7774 dollars from 0.7820 dollars.
The US dollar bought 120.16 Japanese yen, up from 119.71 yen in the previous session. The US dollar edged up to 0.9747 Swiss francs from 0.9629 Swiss francs, and rose to 1.2508 Canadian dollars from 1.2414 Canadian dollars.
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