financetom
News
financetom
/
News
/
US dollar tries to recover from three-year nadir
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US dollar tries to recover from three-year nadir
Jun 12, 2025 2:28 PM

The US dollar fell against most major rivals on Thursday, plumbing a three-year nadir before paring the losses following US inflation data.

US President Trump said hes willing to extend the final July 8 deadline to carry on trade talks, but warned that the US will send messages in the next few weeks to tens of countries to set trade terms.

Earlier US data showed producer prices rose 2.6% y/y in May, beating estimates of 2.5%.

US unemployment claims came at 248 thousand in the week ending June 7, same as the previous week, and up from estimates of 246 thousand.

Following the data, Trump renewed his attacks on Fed Chair Jerome Powell and called him a fool, but said once more he wont fire him.

Otherwise, the dollar index fell 0.7% as of 20:14 GMT to 97.9, with a session-high at 98.5, and a three-year low at 97.6.

Sterling

The GBP/USD pair rose 0.4% as of 20:33 GMT to $1.3596.

Recent data showed UK GDP shrank 0.3% in April, while analysts expected a 0.1% contraction.

Aussie

The AUD/USD pair rose 0.4% as of 20:33 GMT to $0.6528.

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 >
Dollar rebounds ahead of US unemployment claims data
Dollar rebounds ahead of US unemployment claims data
May 2, 2024
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a short hiatus yesterday following a somewhat bearish policy meeting by the Federal Reserve. Dollars gains today remain limited as US 10-year treasury yields lose ground, while investors await more clues on the future of US monetary policies. Investors are particularly waiting for the...
Franc is best performing major currency after Swiss data
Franc is best performing major currency after Swiss data
May 2, 2024
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day against the dollar away from seven-month lows and becoming the best performing major currency following Swiss inflation data. The data reignited inflationary pressures on the Swiss National Bank, which might force the central bank to hold off easing policies. The Price USD/CHF fell 0.7% today...
Dollar plumbs three-week low ahead of US payrolls report
Dollar plumbs three-week low ahead of US payrolls report
May 3, 2024
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the third straight session and plumbing a three-week trough as US treasury yields lose ground as well. The dollar is heading for the worst weekly loss since March especially if the US payrolls report missed the mark today. The Index The dollar index fell...
Yen hits three-week high as Japanese authorities intervene
Yen hits three-week high as Japanese authorities intervene
May 3, 2024
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight session against the dollar and scaling a three-week high away from recentt 34-year lows amid active short-covering. The yen is heading for the largest weekly profit since November 2022 as Japanese authorities intervened to support the local currency after slumping below the 160 barrier...
Copyright 2023-2025 - www.financetom.com All Rights Reserved