The U.S. dollar was weak against most major currencies on Thursday, amid rising speculation the Federal Reserve will cut interest rates sometime in the near futures to help offset the possible impact of the coronavirus outbreak on the economy.
Weak jobless claims and durable goods orders data too weighed on the dollar.
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Forex News
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.