The U.S. dollar drifted lower against its major counterparts on Thursday as data showing a slower than expected pace of economic growth in the fourth quarter, and an increase in jobless claims, raised the possibility of the Federal Reserve pausing on interest rate hikes.
The Commerce Department's report said the real gross domestic product increased by 2.6% in the fourth quarter, as against a previously reported 2.7% increase.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.