The U.S. dollar inched up on Thursday in Asia following prepared remarks from Federal Reserve Chairman Jerome Powell. The Australian dollar dropped after the release of weak employment reports.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.1% to 98.280 by 12:30 AM ET (04:30 GMT).
Meanwhile, the AUD/USD pair fell 0.6% to 0.6799 after the statistics bureau reported that the country’s unemployment rate unexpectedly rose 5.3% in October versus the expectation of no change from 5.2% last month.
The USD/JPY pair slipped 0.1% to 108.71. Japan’s Cabinet Office reported on Thursday that the country’s economy grew at 0.2% quarter-on-quarter in the three months through September. Economists had forecast a 0.9% expansion.