Forex Top Story

Dollar Recovers From Recent Losses Despite Rate Cut Hopes

The U.S. dollar firmed against some major currencies on Thursday, after having tumbled earlier in the session amid rising bets the Fed will likely cut interest rate in March 2024.

In economic releases today, the Labor Department's report showed initial jobless claims climbed to 218,000 in the week ended December 23rd, an increase of 12,000 from the previous week's revised level of 206,000.

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by RTTNews Staff Writer

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