The U.S. dollar moved in a very tight range on Thursday, but managed to hold above the flat line for much of the session, as worries about global growth lingered due to the ongoing trade spat between the U.S. and China.
A batch of somewhat disappointing economic data out of the U.S. that raised speculation about a likely cut in interest rate sometime in the near future contributed to the greenback's sluggish movements.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.