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 >
US dollar declines to late July lows before jobs data
US dollar declines to late July lows before jobs data
Sep 1, 2025
The US dollar fell to its lowest level in five weeks on Monday, as investors awaited a series of US labor market data this week that could influence expectations for the Federal Reserves monetary easing path. Traders were also assessing US inflation data released on Friday, a court ruling that deemed most of the tariffs imposed by former President Donald...
Yen moves lower with a negative opening to the week
Yen moves lower with a negative opening to the week
Sep 1, 2025
The Japanese yen fell in Asian trading on Monday at the start of the week, marking its second straight day of losses against the US dollar, as easing inflationary pressures reduced expectations for an imminent policy shift by the Bank of Japan. With the likelihood of a rate hike in Japan later this month diminishing, investors are awaiting further signals...
Euro keeps rising with eyes on European inflation data
Euro keeps rising with eyes on European inflation data
Sep 1, 2025
The euro rose in European trading on Monday, marking its third consecutive daily advance against the US dollar, supported by sustained pressure on the greenback amid strong expectations of a Federal Reserve rate cut later this month. Investors are now awaiting Tuesdays release of key eurozone inflation data for August, which is expected to provide clearer signals on whether the...
Is the world entering the era of the nuclear battery?
Is the world entering the era of the nuclear battery?
Aug 29, 2025
Nuclear batteries are not a new invention, but they lost their place in commercial use back in the 1970s, when they were employed in pacemakers. These batteries were an ideal solution for such medical devices thanks to their long life, but were eventually discontinued due to government concerns about the spread of radioactive isotopes without proper tracking or retrieval. Today,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved