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The U.S. dollar was lower against its most major counterparts in the European session on Wednesday, as a rise in fist-time claims for U.S. unemployment benefits suggested a slowdown in the labor market recovery. Data from the Labor Department showed that initial jobless claims climbed to 778,000,...

The U.S. GDP data for the third quarter, weekly jobless claims for the week ended November 21 and durable goods orders for October have been released at 8:30 am ET Wednesday. The greenback dropped against its major counterparts following these data. The greenback was trading at 104.38 against the...

The U.S. GDP data for the third quarter, weekly jobless claims for the week ended November 21 and durable goods orders for October are due at 8:30 am ET Wednesday. Ahead of these data, the greenback traded mixed against its major counterparts. While it held steady against the yen and the euro, it retreated...

The Swiss franc dropped against its most major counterparts in the European session on Wednesday, as investors cheered the development of coronavirus vaccines and a limited easing of restrictions across Europe. AstraZeneca's Covid vaccine candidate had an average efficacy of 70 percent, with one dosing...

Federal Housing finance agency's house price index and S&P/Case-Shiller home price index for September have been released at 9:00 am ET Tuesday. Following these data, the greenback rose against its major counterparts. The greenback was trading at 104.56 against the yen, 1.1869 against the euro, 1.3332...

Federal Housing finance agency's house price index and S&P Case-Shiller home price index for September are due at 9:00 am ET Tuesday. Ahead of these data, the greenback recovered from its early lows against its major counterparts. The greenback was worth 104.56 against the yen, 1.1869 against the...

The euro strengthened against its major counterparts in the European session on Tuesday, while the U.S. dollar lost ground, after the General Services Administration told U.S. President-elect Joe Biden to begin the formal transition, recognizing him as winner of the election. The move eased political...

At 4.00 am ET Tuesday, Germany's ifo business confidence survey results have been released. The euro changed little against its major rivals after the data. The euro was trading at 123.85 against the yen, 1.1873 against the greenback, 0.8880 against the pound and 1.0808 against the franc around 4:05 am ET.

At 4.00 am ET Tuesday, Germany's ifo business confidence survey results are due. Economists forecast the business sentiment index to drop to 90.1 in November from 92.7 in October. The euro traded mixed against its major rivals before the data. While it eased against the pound, it gained against the...

The Australian and NZ dollars climbed against their major opponents in the Asian session on Tuesday, as the Trump administration has given approval to commence the formal transition process to President-elect Joe Biden. Biden is expected to pick former Federal Reserve Chair Janet Yellen as Treasury...

The U.S. dollar declined against its major counterparts in the European session on Monday, as encouraging news on the vaccine front spurred hopes of a faster economic recovery from the virus crisis. After a string of encouraging vaccine results in recent weeks, the Oxford University and British pharmaceutical...

The pound firmed against its major counterparts in the European session on Monday, as news that UK Prime Minister Boris Johnson is considering to intervene in Brexit talks raised optimism about a last ditch deal. The Telegraph reported that Johnson is planning to speak to European Commission President...

UK CIPS/Markit composite PMI data has been published at 4.30 am ET Monday. The pound changed little against its major rivals after the data. The pound was trading at 1.3367 against the greenback, 138.72 against the yen, 1.2172 against the franc and 0.8885 against the euro around 4:32 am ET.

UK CIPS/Markit composite PMI data is due at 4.30 am ET Monday. Economists expect the composite index to decline to 42.5 in November from 52.1 a month ago. Ahead of the data, the pound climbed against its major rivals. The pound was worth 1.3364 against the greenback, 138.66 against the yen, 1.2168...

IHS Markit has published euro area PMI survey results at 4.00 am ET Monday. The euro changed little against its major rivals after the data. The euro was trading at 1.1872 against the greenback, 123.24 against the yen, 1.0813 against the franc and 0.8875 against the pound around 4:05 am ET.

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