On Wednesday, the dollar index finished up +0.27% against a basket of major currencies.
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870,000 more Americans filed for first-time unemployment benefits last week ending on September 19, the Labor Department announced Thursday.
Yesterday, the Dollar Index closed its last trading session with gains of (+0.59%).
The Fed has had their say and currency traders have been buying dollars since the announcement yesterday.
U.S. data on Thursday showed jobless claims remained elevated at 860,000, which means the labor market’s recovery is showing new signs of losing momentum.
The FX market remained volatile over the last week after the Fed promised to keep rates ultra-low for a longer period than initially thought and also due to the continued lack of progress in U.S. fiscal stimulus talks.
The USD is trading lower this morning as traders await the conclusion of the two-day FOMC meeting.
The USD is lower this morning against the EUR, GBP, and JPY, while trading a bit higher against the CAD.
The USD is trading lower against the EUR, JPY, and CAD but remains strong against the GBP.
The USD traded higher during early Thursday morning after getting a boost on Wednesday from the release of the FOMC minutes of last month’s Fed meeting.
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