The U.S. dollar turned in a subdued performance on Thursday despite some strong economic data, and prospects of the Federal Reserve holding interest rates higher in the near-term.
Data released by the Labor Department showed initial jobless claims fell to 201,000 in the week ended February 17th, a decrease of 12,000 from the previous week's revised level of 213,000.
Economists had expected jobless claims to rise to 218,000 from the 213,000 originally reported for the previous week.
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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.