After holding firm in the European session amid rising hopes the Fed will start tapering its stimulus measures from November, the U.S. dollar pared gains and stayed somewhat subdued on Thursday.
The currency fluctuated during the later part of the session today as traders reacted to comments from top Fed officials, including Chairman Jerome Powell, news about the Senators reaching a deal to avoid a government shutdown, and the latest data on U.S. GDP and jobless claims.
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