NEW YORK, Feb. 15 (Xinhua) -- The U.S. dollar declined against other major currencies on Thursday, as investors meditated on a slew of economic reports.
The U.S. Labor Department said on Thursday its producer price index for final demand increased 0.4 percent last month after being unchanged in December, in line with market expectations.
In a separate report, the department announced that in the week ending Feb. 10, the advance figure for seasonally adjusted initial jobless claims was 230,000, an increase of 7,000 from the previous week's revised level and generally on par with market estimates.
The 4-week moving average was 228,500, an increase of 3,500 from the previous week's revised average.
Meanwhile, U.S. industrial production edged down 0.1 percent in January following four consecutive monthly increases, missing market expectations, said the Federal Reserve.
"Production boomed in the second half of last year and slowed in January. As with January retail sales, the pullback, if it continues, is troubling but the pace of activity is impressive," said Chris Low, chief economist at FTN Financial, in a note.
The dollar index, which measures the greenback against six major peers, decreased 0.59 percent at 88.591 in late trading.
In late New York trading, the euro rose to 1.2507 dollars from 1.2444 dollars in the previous session, and the British pound climbed to 1.4098 dollars from 1.3995 U.S. dollars in the previous session. The Australian dollar gained to 0.7938 dollar from 0.7918 dollar.
The U.S. dollar bought 106.26 Japanese yen, lower than 107.04 yen of the previous session. The U.S. dollar dipped to 0.9226 Swiss franc from 0.9303 Swiss francs, and it moved down to 1.2484 Canadian dollars from 1.2517 Canadian dollars.
