The U.S. dollar turned in a fine performance against its peers on Thursday, rebounding smartly from six-month lows touched on the final session of 2019.
Downbeat economic data from Euro zone, with Germany and France seeing a contraction in manufacturing activity, and disappointing data out of the U.K. weighed on Euro and Pound Sterling.
Meanwhile, data showing an unexpected drop in first-time claims for U.S. unemployment benefits supported the dollar. The report from the Labor Department showed initial jobless claims slipped to 222,000 in the week ended December 28th, a decrease of 2,000 from the previous week's revised level of 224,000.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.