The U.S. dollar dropped against its major counterparts on Thursday, following a report showing unexpected increase in initial jobless claims in the week ended September 6th. The Labor Department report showed that initial jobless claims climbed to 315,000, an increase of 11,000 from the previous week’s revised level of 304,000. The continued increase came as
The Australian dollar was weaker in the Asian session on Tuesday in an extension of the downtrend that was visible for much of Monday’s session in the wake of weak Chinese import data, the U.S. dollar’s strength on rate hike expectations and lower commodity prices. A report showing a decline in business confidence in Australia
The Indian rupee trimmed its early gains against the U.S. dollar in late morning deals on Monday, amid reports of suspected intervention by the Reserve Bank of India to curb the currency’s sharp gains. The Reserve Bank of India was reportedly buying dollars via state-run banks when the rupee appreciated sharply in early deals. Rally
The dollar continued to rally versus the euro on Friday, hitting fresh 11-month highs after Fed Chair Janet Yellen’s remarks at Jackson Hole were construed as uncharacteristically hawkish. Yellen said an increase in rates could come sooner than expected if the progress on inflation and the labor market occured more rapidly than anticipated. At the
The dollar was narrowly mixed Monday, giving back recent gains against the sterling after some relatively hawkish comments from the U.K.’s top central banker. Bank of England Governor Mark Carney told The Sunday Times in an interview that interest rates could be raised even before real wages turn positive. His remarks come less than a
