US Weekly Jobless claims -act, 744K exp: 680K, prev: 719K.
The dollar falls as U.S weekly jobless claims rise unexpectedly. The greenback dropped to a two-week low against a basket of currencies, the dollar index (DXY) lost 0.37% overnight down to 92.12 at the time of writing.
Overnight at an International Monetary Fund (IMF), Fed Chairman Jerome Powell vowed to stay the course with its dovish monetary policy, saying that while the economic reopening could result in a momentary surge in prices, he expects it to be temporary and it will not constitute inflation.
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