The U.S. dollar stabilized in early European trade Thursday - GEPL Capital
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News / Other data
* U.S. Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed with two women's signatures, while calling for "much more" work to advance equity for women and minorities.
* A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023.
* The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. Federal Reserve policy against the chances that higher interest rates could lead to a recession.
* The U.S. dollar stabilized in early European trade Thursday, as traders sought out this safe haven amid uncertainty over the global economic outlook. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.097, after falling 0.4% overnight, its first decline since Friday
* Most Asian currencies crept lower on Thursday as optimism over loosening anti-COVID curbs in China was offset by mixed economic signals from Japan and uncertainty over a U.S. recession.
* The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S. economy into recession, while an easing of China's COVID restrictions boosted the yuan.
Data inference
* No Major Event.
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