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Dollar Drops Following U.S. CPI
(RTTNews) - At 8:30 am ET Thursday, U.S. weekly jobless claims for the week ended November 5 and consumer inflation data for October have been released. After these data, the greenback fell against its major rivals.
The greenback was trading at 1.0059 against the euro, 144.80 against the yen, 0.9780 against the franc and 1.1532 against the pound around 8:33 am ET.
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Pound Falls As European Shares Extend Losses On Growth Worries
The British pound weakened against other major currencies in the European session on Friday, as European shares traded lower, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven Swiss Franc Rises
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid increased risk-off mood by the investors, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by U.S. President Donald Trump on U.S. trade partners.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Friday.
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Euro Advances Against Majors
The euro strengthened against other major currencies in the European session on Thursday, as the U.S. dollar suffered due to concerns about the country's short-term economic prospects and the continuous imposition of tariffs on trading partners. The euro was also supported by economic data.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Thursday.
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U.S. Dollar Drops Amid Fed Rate Cut Bets
The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
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