The dollar index pared its losses after data showed the US economy grew slightly faster in the second quarter than initially estimated, while US unemployment claims declined slightly last week. All Group of 10 currencies strengthened against the US dollar on Thursday.
The Bloomberg Dollar Spot Index fell 0.2%, a third straight day of declines.
"The data suggests the economy may not be that weak," said Aroop Chatterjee, a strategist at Wells Fargo. "The Q2 GDP was revised up and the claims data suggest that layoffs in the labor market remain moderate."
Investors now await Fed Governor Christopher Waller's speech later Thursday, after New York Fed President John Williams said that next month's policy meeting will be "straightforward." USD/JPY fell 0.2% to 147.08; board member Junko Nakagawa said the central bank will continue to raise interest rates if the economic and inflation outlook is realized.
EUR/USD rose 0.3% to 1.1675; Francois Bayrou said he would negotiate directly with lawmakers next week and warned against new elections as he fights to prevent the French parliament from forcing him to resign.
"Unless there is a major shift in the political landscape, we don't see developments in France as a sustainable driver for the euro for the rest of the year," wrote George Saravelos, global head of FX research at Deutsche Bank.
"The market has already priced in a significant risk premium." "Despite the government's weakness, this year's budget execution has been very positive and in line with expectations for meeting the government's budget deficit target," he said. AUD/USD rose 0.3% to 0.6528. GBP/USD was little changed at 1.3500. (alg)
Source: Bloomberg
The U.S. dollar edged higher Monday, rebounding after last week's losses although sentiment remains wary ahead of key inflation data and amid worries over the health of the U.S. regional banking secto...
The US dollar and Treasury yields fell after Zions Bancorp and Western Alliance admitted to fraudulent lending to funds investing in troubled commercial mortgages. The Bloomberg Dollar Spot Index weak...
The U.S. dollar drifted lower Thursday on growing expectations of further interest rate cuts by the Federal Reserve this year, while signs of French political accord helped the euro. At 04:45 ET (08:...
The U.S. currency slipped lower following a speech by Jerome Powell on Tuesday, in which the Federal Reserve chair left the door open to further rate cuts by saying the U.S. labor market remained in t...
The U.S. dollar was choppy on Tuesday, as investors attempted to gauge the longevity of a flare-up in trade tensions between the U.S. and China. U.S. President Donald Trump has appeared to rein in hi...
The British pound fell to around $1.34, its lowest in a week, after data showed the UK government borrowed £7.2 billion more than forecast in the first half of the fiscal year, underscoring the tough fiscal challenge facing Chancellor Rachel Reeves...
European stock markets appeared calm on Tuesday, following a strong rally in the previous session. Major indices such as the STOXX 50 and STOXX 600 moved flat as investors chose to wait for new direction while assessing news from various major...
The Nikkei 225 stock index closed slightly lower on Tuesday after quite volatile trading. Although it briefly surged to near a psychologically important level early in the session, the gains were short-lived. Sanae Takaichi's victory as Japan's new...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect...
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended...