The U.S. dollar weakened against its peers on Thursday as the currency's safe haven appeal dimmed amid rising hopes the Joe Biden administration will step up stimulus to bolster growth.
The monetary policy stance of the Bank of Japan and the European Central Bank played a role as well in wiping some shine off the greenback.
The U.S. Labor Department said initial jobless claims fell to 900,000 in the week ended January 16th, a decrease of 26,000 from the previous week's revised level of 926,000. Economists had expected jobless claims to drop to 910,000 from the 965,000 originally reported for the previous week.
For comments and feedback contact: editorial@rttnews.com
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.