The US dollar fell against most of its counterparts on Thursday, keeping its losses after the release of positive economic data.

The US Department of Labor revealed today that the unemployment claims fell to 963,000 during the past week, beating forecasts of 1.120 million.

The US dollar is still being weighed down as leaders of the Democratic and Republican parties have not agreed on the second relief package to support the coronavirus-ravaged economy..

Members of the Federal Reserve warned from surging coronavirus infections and its severe economic impact, and urged for more tight lockdown restrictions and social distancing.

The dollar index fell against a basket of currencies by 0.3% to 93.2 points as of 18:02 GMT, after it hit a high of 93.3 and a low of 92.9.

Copper prices fell on Thursday, despite the US dollar fall against a basket of currencies, as the industrial metal came under pressure oversupply in South America and weak Chinese demand.

Copper had jumped to a 2-month high in July, on supply disruptions in Chile due to the coronavirus outbreak, and Chinese demand recovery.

But the mining companies in the South America are ramping up production at a faster rate after several months of lockdowns.

Analysts expect the Chinese seasonally demand for copper to be weak during the third quarter  of this year. 

The dollar index fell against a basket of currencies by 0.4% to 93.1 points as of 13:27 GMT, after it hit a high of 93.3 and a low of 93.01.

Copper September futures fell 1.7% to $2.86 per pound as of 13:20 GMT, after hitting a session-high of $2.91 and a low of $2.85.

The major US stock indices saw a mixed performance on Thursday, after the release of the weekly unemployment claims data.

Leaders of the Democratic and Republican parties have not agreed on the second relief package to support the coronavirus-ravaged economy.

The US Department of Labor revealed today that the unemployment claims fell to 963,000 during the past week, beating forecasts of 1.120 million.

The Trump administration announced a $1.5 billion deal with Moderna to buy 100 million doses of its coronavirus vaccine, after skepticism about a vaccine registered by Russia.

As for stocks, Dow Jones slipped less than 0.1% or 13 points to 27,964 as of 14:09 GMT, Nasdaq rose 0.5% or 60 Points to 11,071, and S&P 500 rose 1 point to 3,382.

At 12:30 GMT, the US department of labor revealed that the unemployment claims reached 0.963 million in the week ending August 8, better than forecasts of 1.120 million, and better than the previous reading of 1.191 after it was revised from 1.186 million.