The dollar index, which measures the greenback against six major peers, increased 0.30 percent to 102.3849 in late trading.
U.S. Federal Reserve Chairman Jerome Powell on Thursday suggested that the central bank has not reached the end of its tightening cycle, in his second day of congressional testimony. Policy makers feel "it will be appropriate to raise rates again this year, and perhaps twice," if the economy performs about as expected, even as they've been hiked to an appropriately restrictive level, Powell told the Senate Banking Committee.
Meanwhile, data released Thursday by the U.S. Labor Department showed that 264,000 new claims were filed for jobless benefits on a seasonally adjusted basis in the week ending June 17, unchanged from the prior week's upwardly revised level, which is the highest level of initial claims activity since October 2021.
The Bank of England (BoE), Norges Bank and the Swiss National Bank (SNB) raised interest rates on Thursday, pledging to continue their fight against inflation. Both the BoE and Norges Bank raised its rates by a larger than expected 50 basis points, while the SNB announced a 25-basis point hike.
In late New York trading, the euro fell to 1.0959 U.S. dollars from 1.0984 dollars in the previous session, and the British pound was down to 1.2745 U.S. dollars from 1.2773 dollars in the previous session. The U.S. dollar increased to 0.8961 Swiss franc from 0.8930 Swiss franc, and it was down to 1.3145 Canadian dollars from 1.3161 Canadian dollars.
The U.S. dollar bought 143.0390 Japanese yen, higher than 141.8060 Japanese yen of the previous session. The U.S. dollar rose to 10.6893 Swedish Krona from 10.6505 Swedish Krona.
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