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After seeing some strength earlier in the morning, the value of the U.S. dollar has turned lower over the course of trading on Thursday.

chicagopmi 063022 MNI Indicators released a report on Thursday showing growth in Chicago-area business activity slowed by more than expected in the month of June. The report showed the Chicago business barometer slumped to 56.0 in June from 60.3 in May. While a reading above 50 still indicates growth, economists had expected the business barometer to dip to 58.0.

riksbank 021517 30jun22 Sweden's central bank raised its interest rate by half a percentage point on Thursday and signaled further tightening this year as inflation is forecast to remain above 7 percent throughout this year. The Executive Board of Riksbank decided to lift the policy rate by 50 basis points to 0.75 percent from 0.25 percent.

personal income 063022 Personal income in the U.S. increased in line with economist estimates in the month of May, according to a report released by the Commerce Department on Thursday. The report showed personal spending rose by 0.5 percent in May, matching the revised increase seen in April as well as expectations.

jobless claims4 063022 A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 25th. The Labor Department said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week's revised level of 233,000.

germanyunemployment jan21 30jun22 German unemployment increased unexpectedly in June as the Ukrainian refugees are added in job centers as people searching for jobs, official data showed on Thursday. The number of people out of work increased sharply by 133,000 from May, when employment declined by 5,000, data published by the Federal Employment Agency reported. Economists had forecast another fall of 6,000.

ukhouseprices nov30 30jun22 UK house price inflation eased more than expected to a six-month low in June, but remained strong overall reflecting the improvement in the labor market, survey results from the Nationwide Building Society showed on Thursday. The house price index logged a double-digit growth of 10.7 percent year-over-year in June, slightly slower than an 11.2 percent rise in May.

preview oct26 30jun22 Unemployment and retail sales from Germany and quarterly national accounts and house prices from the UK are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics releases revised UK GDP data for the first quarter. The statistical office is expected to confirm 0.8 percent sequential growth.

The U.S. dollar firmed against its major counterparts on Wednesday as falling risk sentiment pushed up the demand for the safe-haven currency.

germany feb14 29jun22 Germany's consumer price inflation unexpectedly slowed in June from a record high as the government took measures to reduce the burden of soaring energy prices on households and to reduce fuel consumption, after gas prices surged across Europe following the war in Ukraine.

us gdp 062922 Revised data released by the Commerce Department on Wednesday showed U.S. economic activity shrank by slightly more than previously estimated in the first quarter of 2022. The report showed the decrease in real gross domestic product in the first quarter was revised to 1.6 percent from the previously reported 1.5 percent.

eurozone 112819 29jun22 Eurozone economic confidence weakened to a 15-month low in June, reflecting the deterioration of morale among consumers and construction managers, survey results from the European Commission showed Wednesday. The economic confidence index fell to 104.0 in June from 105.0 in May. This was the lowest score since March 2021 but remained above economists' forecast of 103.0.

preview oct19 29jun22 Flash inflation data from Germany and economic confidence from euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden releases household lending data for May. At 3.00 am ET, Spain's INE publishes flash consumer and harmonized prices for June and retail sales for May. EU harmonized inflation is seen at 8.7 percent.

The U.S. dollar climbed higher on Tuesday amid rising possibility of sharp interest rate hikes by the Federal Reserve in the coming months to tame inflation.

consumer confidence 062822 Consumer confidence in the U.S. continued to deteriorate in the month of June, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 98.7 in June from a downwardly revised 103.2 in May. Economists had expected the index to drop to 101.0 from the 106.4 originally reported for the previous month.

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