The U.S. dollar swung between gains and losses but mostly stayed positive on Thursday after the Chinese central bank set the midpoint for yuan above 7.00 per dollar for the fist time in more than a decade.
Data showing a modest decrease in first-time jobless claims in the U.S. also contributed to the greenback's somewhat positive display.
The dollar index, which dropped down to around 97.45 after having advanced to 97.74 early on in the day, recovered well and was last seen hovering around 97.65, gaining 0.1% over previous close.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.