Forex Top Story

Dollar Loses Ground Against Rivals

The U.S. dollar exhibited weakness against its peers on Thursday, reacting to data on private sector employment for the month of April, and unemployment claims in the week ended May 1.

According to the data released by the Labor Department on Thursday morning, first-time claims for U.S. unemployment benefits pulled back further off their recent record high in the week ended May 2nd, although claims remain at an elevated level and came in above economist estimates.

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by RTTNews Staff Writer

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