The US dollar fell versus its major rivals Thursday after US weekly jobless claims dropped to their lowest level since July 2008. The dollar index (DXY) fell about 0.38%. Against the greenback, the euro rose 0.5446% to 1.3296, up from $1.3219 Wednesday.
Shares of VisionChina Media Inc (NASDAQ: VISN) surged about 8.5% after the company reported that it and Focus Media Holding Limited (NASDAQ: FMCN) have entered into a securities purchase agreement. Under the agreement, FMCN will buy 15,331,305 newly issued common shares of VISN at US$3.979 per share.
Gold futures extended their losses, along with oil futures after data on US jobless claims. Gold futures for February delivery lost $4.60 to $1,408.70 an ounce. However, crude oil for February delivery moved down $0.55 to $90.57 per barrel.
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