The U.S. dollar firmed against most of its major counterparts on Thursday amid fading hopes for an early rate cut after data showed a drop in jobless claims in the week ended January 12th. However, the currency pared gains subsequently and even turned slightly weak against some counterparts.
A report from the Labor Department said initial jobless claims fell to 187,000 in the week ended January 13th, a decrease of 16,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to inch up to 207,000 from the 202,000 originally reported for the previous week.
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