The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into key U.S. institutions. Initial jobless claims in the United States are under scrutiny after last week's disappointing nonfarm payrolls,

Donald Trump’s choice for a key Fed governor is likely to be an advocate of rapid-fire rate cuts, which strategists say could light a fire under the Australian dollar.

The early departure of Biden appointee Adriana Kugler offers the president potential help on interest rates—and a new way to make life hard for Chair Jerome Powell.