NEW YORK, Dec 10 (Reuters) -The dollar fell against the euro and pared gains against the yen on Thursday after a narrower-than-expected U.S. trade deficit for October and better continuing jobless claims, reducing safe-haven demand for the greenback.
The euro rose to $1.4748 EUR= from $1.4725 before the data's release, up 0.2 percent on the day. The dollar fell against the yen JPY= to 88.14 yen from 88.30 yen before the data, though it was still up for the day.
Data showed the U.S. trade deficit shrank to $32.94 billion in October from a revised $35.65 billion in September. For details, see [ID:nN09169993]. Economists expected a deficit of $36.8 billion for the month.
The U.S. Labor department reported continuing jobless claims fell to 5.157 million in the latest week from a revised 5.46 million in the prior week. [ID:nN10153952]. (Reporting by Nick Olivari; editing by Jeffrey Benkoe)
