The U.S. dollar turned in a slightly volatile performance on Thursday as traders reacted to a slew of upbeat U.S. economic data, and the Bank of England's monetary policy announcement.
The Labor Department's report showed initial jobless claims in the U.S. edged down to 411,000 in the week ended June 19th, a decrease of 7,000 from the previous week's revised level of 418,000. Economists had expected jobless claims to drop to 380,000 from the 412,000 originally reported for the previous week.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.