Dollar Exhibits Weakness Against Peers
Data on U.S. jobless claims and consumer price inflation also impacted dollar s movements.
Data from the Labor Department showed a significant increase in first-time claims for U.S. unemployment benefits in the week ended December 5th.
The report said initial jobless claims jumped to 853,000, an increase of 137,000 from the previous week s revised level of 716,000. Economists had expected jobless claims to rise to 725,000 from the 712,000 originally reported for the previous week.
With the much bigger than expected increase, jobless claims reached their highest level since hitting 873,000 in the week ended September 19th.
A separate report released by the Labor Department showed a modest increase in U.S. consumer prices in the month of November.
Pound Declines As Brexit Fears Intensify
BRUSSELS (dpa-AFX) - The pound fell against its key counterparts in the European session on Thursday, as meeting between Prime Minister Boris Johnson and European Commission president Ursula von der Leyen to strike a post-Brexit trade deal ended without a breakthrough and they agreed that a firm decision on the future of the talks would be made by the end of this weekend.
The European Union Chief said that they remained far apart on key issues and urged EU and UK negotiating teams to immediately reconvene to try to bridge gaps.
The PM and Von der Leyen agreed to make a decision on deal or no deal outcome by the end of the weekend.