The U.S. dollar drifted lower against some of its major counterparts on Thursday after data showed a bigger-than-expected increase in first-time jobless claims in the U.S. last week.
A report showing an unexpected contraction in Philadelphia-area manufacturing activity in the month of April weighed as well on the currency.
Data from the Labor Department showed that initial jobless claims crept up to 245,000 in the week ended April 14, an increase of 5,000 from the previous week's revised level of 240,000.
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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.