Jobless Claims Hurt Dollar – 20 August, 2020

A rise in U.S. jobless claims left investors to rethink the appeal of the greenback causing it to dip against most currencies just one day after the Fed warned of a slowdown in hiring. Against the euro, the dollar stood at $1.866, dropping 0.2% the previous session. The pound managed to hold onto a 0.8% gain from the previous session to $1.3218, and the dollar was last quoted at 105.73 yen after a 0.3% dip the previous session. Against a basket of six major currencies, the dollar index fell 0.6%. The Australian dollar was slightly higher at $0.7208, and the New Zealand kiwi was steady at $0.6543.