The dollar was steady versus other majors Thursday in New York, pausing near a 15-year low against the yen. Another look at the struggling jobs market is due this morning, as the Labor Department releases its weekly jobless claims data at 8:30 am ET.
Economists expect jobless claims to decline to 470,000 for the week from 472,000 reported for the previous week. Claims remain extraordinarily high despite massive government spending and a tepid economic recovery from the worst recession in decades.
Meanwhile, the Bank of England left its key interest rate unchanged at 0.5 percent and maintained the size of the quantitative easing at GBP 200 billion.
The dollar rose to 1.5380 against the sterling ahead of the rate call, and moved sideways from there. With the advance, the dollar moved back toward a month and half high near 1.5300, set earlier this week.
The U.K.'s deficit on trade in goods widened to GBP 8.7 billion in July from a revised shortfall of GBP 7.5 billion in June, data from the Office for National Statistics showed Thursday.
The buck was stuck in neutral versus the euro, holding near 1.2725. The pair has shown little direction over the past month, ranging between 1.2600 and 1.2900.
The buck was little changed from the previous session versus the yen, staying very close to yesterday's 15-year low of 83.33. Its been a steady decline over the summer months for the dollar, as the yen became the world's preferred safe haven play.
The Organisation for Economic Co-operation and Development (OECD) slashed its global economic growth forecast on Thursday, and urged further government stimulus to bolster an increasingly fragile recovery.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.