The U.S. dollar firmed against most of its major rivals on Thursday, rebounding from recent losses, as concerns about inflation and supply chain disruptions pushed up the demand for the safe haven currency.
Data showing an unexpected drop in U.S. jobless claims in the week ended October 16th, and a report showing a bigger than expected increase in existing home sales supported the dollar.
Data released by the Labor Department showed initial jobless claims unexpectedly slipped to 290,000 in the week ended October 16th, a decrease of 6,000 from the previous week's revised level of 296,000.
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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.