Dollar Rises Against Major Rivals Ahead Of U.S. Jobs Data

RTTNews | 1057 gün önce

(RTTNews) - The U.S. dollar gained against its major rivals on Thursday as rising concerns about inflation and aggressive monetary tightening by the Federal Reserve boosted the currency's safe-haven appeal.

Rising oil prices fueled concerns about an acceleration in inflation. Oil prices surged after the OPEC+ announced that the group would cut crude output by 2 million barrels per day from November. Recent data showing a drop in U.S. crude inventories contributed as well to the surge in oil prices.

The dollar rose sharply on Wednesday, riding on strong ISM services PMI data and ADP private sector jobs data. The currency's surge continued today amid rising speculation the central bank will continue to remain aggressive with its policy move.

Markets look ahead to U.S. jobs data, due on Friday. Economists currently expect employment to jump by 250,000 jobs in September after surging by 315,000 jobs in August, while the unemployment rate is expected to hold at 3.7%.

In economic releases today, a report from the Labor Department showed initial jobless claims climbed to 219,000 in the week ended October 1st, an increase of 29,000 from the previous week's revised level of 190,000. Economists had expected jobless claims to inch up to 200,000 from the 193,000 originally reported for the previous week.

The dollar index surged to 112.31, gaining about 1.1%. The index was last seen at 112.22, up 1.03% from the previous close.

Against the Euro, the dollar firmed to 0.9793, gaining nearly 1%.

The dollar is trading at 1.1167 against Pound Sterling, firming from 1.1327.

Against the Japanese currency, the dollar is up, fetching 145.13 yen a unit, compared with 144.69 yen on Wednesday.

The dollar is stronger against the Aussie at 0.6412, strengthening from 0.6491.

The Swiss franc has slid to 0.9908 against the dollar, from 0.9836 a dollar.

The dollar is up against the Loonie as well, firming to C$1.3746 from C$1.3621.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 1s 48 dakika önce

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 2s 7 dakika önce

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 2s 41 dakika önce

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 5s 7 dakika önce

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 5s 18 dakika önce

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 5s 29 dakika önce

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 5s 41 dakika önce

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 5s 47 dakika önce

EURUSD	1.16843	GBPUSD	1.3513	AUDUSD	0.65324
USDJPY	146.909	USDCAD	1.37518	USDCHF	0.80146