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More Worries for Trump as Presidential Race Heats Up
The dollar index closed 0.17% lower yesterday as it continues the reversal from its 1.8% advancement last week.
The greenback was under pressure as the Pelosi-Mnuchin negotiations have again failed to produce a deal. The House passed a $2.2 trillion Democrat-only fiscal stimulus package on Thursday which was rejected by the Republicans.
Jobless figures continue to make the headlines, as no significant improvements were made to the number of Americans filing for unemployment benefits.
It was the fifth consecutive week with claims stuck at the 800 thousand level, pointing to a slowdown in the labor market recovery.
NFP figures released later today could provide further indication of a slowing economy.
Choppy Waters for the Eurozone
The euro advanced 0.23% higher on Thursday as it attempts to break away from the 1.17 handle.
Eurozone producer prices increased steadily in August, month-on-month, as was expected.
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