financetom
Economy
financetom
/
Economy
/
US Dollar Falls Early Thursday Ahead of Jobless Claims, PPI
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Dollar Falls Early Thursday Ahead of Jobless Claims, PPI
Aug 13, 2026 5:01 AM

07:37 AM EDT, 08/13/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday ahead of the release of weekly jobless claims and July producer price data, both at 8:30 am ET.

Richmond Federal Reserve President Tom Barkin is due to speak at 8:40 am ET, followed by weekly natural gas stocks at 10:30 am ET.

A quick summary of foreign exchange activity heading into Thursday:

EUR/USD rose to 1.1537 from 1.1522 at the Wednesday US close and 1.1536 at the same time Wednesday morning. Eurozone industrial production was flat in June, but the year-over-year rate improved, according to data released earlier Thursday. The next European Central Bank meeting is scheduled for Sept. 10.

GBP/USD rose to 1.3494 from 1.3492 at the Wednesday US close but was below a level of 1.3518 at the same time Wednesday morning. UK GDP rose as expected in June, but the rate of growth for Q2 slowed from the previous quarter, according to data released overnight. Data released later in the morning showed that UK consumer sentiment improved in August. The next Bank of England meeting is scheduled for Sept. 17.

USD/JPY fell to 159.3079 from 159.5030 at the Wednesday US close but was above a level of 159.1405 at the same time Wednesday morning. Japanese producer prices rose less than expected in July, slowing the year-over-year rate, according to data released overnight. The next Bank of Japan meeting is scheduled for Sept. 17-18.

USD/CAD fell to 1.3941 from 1.3942 at the Wednesday US close but was above a level of 1.3937 at the same time Wednesday morning. There are no Canadian data on Thursday's schedule. The next Bank of Canada meeting is scheduled for Sept. 2.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed proposes to establish limited payment accounts
Fed proposes to establish limited payment accounts
May 20, 2026
WASHINGTON, May 20 (Reuters) - The U.S. Federal Reserve proposed Wednesday adopting a new, more limited form of a payment account that would allow firms like fintechs the ability to move money across the Fed's payment rails without enjoying all the backstops available to traditional banks. In a statement, the Fed said the proposed accounts would not include access to...
Fed Officials Flag Rate Hike Possibility if Inflationary Pressures Persist, FOMC Minutes Show
Fed Officials Flag Rate Hike Possibility if Inflationary Pressures Persist, FOMC Minutes Show
May 20, 2026
03:43 PM EDT, 05/20/2026 (MT Newswires) -- Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed Wednesday. At that meeting, the Federal Open Market Committee decided to keep its policy rate unchanged between 3.50% and 3.75% for...
Cargill locks out 1,700 workers at US beef plant in labor dispute
Cargill locks out 1,700 workers at US beef plant in labor dispute
May 20, 2026
CHICAGO, May 20 (Reuters) - Cargill stopped paying about 1,700 employees at a beef plant in Fort Morgan, Colorado, on Wednesday in an escalating labor dispute, after suspending cattle slaughtering at the facility a month ago, the workers' union said.    The U.S. beef industry is in a period of upheaval as prices have set records this year, with strong demand...
Fed minutes show more policymakers open to a rate hike
Fed minutes show more policymakers open to a rate hike
May 20, 2026
WASHINGTON, May 20 (Reuters) - Federal Reserve officials' concerns about inflation being stoked by the Iran war intensified last month, with a growing number open to a possible rate hike, in a sign that incoming Chair Kevin Warsh will inherit an increasingly hawkish crew of central bankers. A majority of Fed policymakers at their April 28-29 meeting felt some policy...
Copyright 2023-2026 - www.financetom.com All Rights Reserved