After staying quite subdued in the Asian session on Thursday, the U.S. dollar drifted lower after data showed an unexpected rise in U.S. jobless claims in the week ended July 17th.
Although the currency rebounded subsequently, it still stayed somewhat sluggish as the session progressed but posted gains against most of its major rivals.
Data from the Labor Department showed initial jobless claims in the U.S. unexpectedly climbed to 419,000 in the week ended July 17th, an increase of 51,000 from the previous week's revised level of 368,000.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.