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Forex - Dollar little changed ahead of U.S. jobless data, Fed

Published 10/22/2015, 02:13 AM
© Reuters.  Dollar hovers at 2-week highs vs. rivals with U.S. data, Fed on tap
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Investing.com - The dollar was little changed on Thursday, as investors awaited the release of U.S. jobless claims data later in the day for further indications on the strength of the economy and as markets began to turn their attention to the Federal Reserve's policy meeting next week.

EUR/USD eased 0.09% to trade at 1.1330.

Market participants were eyeing the weekly report on U.S. jobless claims due later in the day after a batch of mixed U.S. economic reports fuelled fresh uncertainty over the timing of a U.S. rate hike.

Meanwhile, sentiment on the single currency slightly weakened ahead of the European Central Bank's monthly monetary policy decision, expected later Thursday.

The ECB was expected to keep its monetary policy unchanged but could flag plans to enlarge its stimulus program.

The dollar slipped lower against the yen, with USD/JPY down 0.20% at 119.68, but still remained within close distance of Thursday's one-week peak of 119.98.

Investors have also been debating the possibility of further stimulus measures by the Bank of Japan, which has been weighing on the yen over the past week.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at a two-week high of 95.07.

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