Investing.com - The dollar trimmed losses but remained broadly under pressure against the other majors currencies on Thursday, as U.S. political uncertainty dominated markets after Donald Trump’s press conference on Wednesday.
EUR/USD gained 0.56% to 1.0642.
The U.S. Department of Labor said initial jobless claims in the week ending January 7 increased by 10,000 to 247,000 from the previous week’s total of 237,000 which was revised from an initial reading of 235,000.
Analysts had expected jobless claims to rise by 20,000 last week.
But the greenback remained under pressure after Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at a highly-anticipated news conference on Wednesday.
Elsewhere, GBP/USD added 0.12% to 1.2228.
USD/JPY tumbled 1.06% to trade at 114.16, while USD/CHF declined 0.54% to 1.0085.
The Australian and New Zealand dollars pushed higher, with AUD/USD up 0.83% at a one-month high of 0.7503 and with NZD/USD jumping 1.03% to a one-month peak of 0.7126.
Meanwhile, USD/CAD slid 0.30% to trade at a three-month low of 1.3140.
Statistics Canada reported on Thursday that the new housing price index rose 0.2% in November, disappointing expectations for a 0.3% gain, after an increase of 0.4% the previous month.
However, the commodity-related loonie was boosted by rallying oil prices on Thursday, amid signs major oil producers are keeping their promise to cut production levels.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.57% still at a one-month low of 101.11.