FX trade was relatively quiet in N.Y. on Thursday, though the dollar overall managed modest gains. A slightly lower than expected jobless claims outcome had little impact. Later, the dollar perked up a bit on Powell’s Q&A, with EUR-USD touching session lows of 1.1485, and USD-JPY picking up to 108.45. The Fed chair again used the word “patient” with regards to monetary policy, which gave Wall Street a modest boost, helping USD-JPY higher as well.
[EUR, USD]