⁍ The dollar was also boosted by quarter-end and month-end portfolio rebalancing.

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⁍ The euro was down 0.3% against the dollar at $1.1712.

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⁍ The dollar was set for its worst quarter since the spring of 2017 with a fall of about 3.3%.

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– The US economy shrank at an annual rate of 31.4% in the second quarter, its steepest drop since records began in 1947, the Commerce Department said Wednesday. The decline in the gross domestic product—the country’s total output of goods and services—followed a drop of 2.1% in the first quarter. Economists had expected a drop of 2.9%, the Wall Street Journal reports. The decline in the second quarter was larger than the initial estimate of a 2.1% drop. The decline in the second quarter was the biggest since a 4.6% drop in the first quarter of 2009. The drop in the second quarter was the biggest since a 5.2% drop in the first quarter of 2009. The decline in the second quarter was the biggest since a 7.6% drop in the first quarter of 2009. The decline in the second quarter was the biggest since a 17.6% drop in the first quarter of 2009. The Commerce Department said the drop in the second quarter was the biggest since a 21.4% drop in the first quarter of 2009. The US economy is expected to have added 190,000 jobs in September, according to economists surveyed by the Journal. The ADP National Employment Report released Wednesday showed private employers added 749,000 jobs in September, up from 428,000 jobs added in August. “Overall, employment growth appears to be slowing gradually, but remains more than strong enough to keep the unemployment rate on a downward trend,” said Andrew Hunter, senior US economist at Capital Economics. “That said, with employment still more than 10 million below its pre-pandemic level, a full labor market recovery remains a long way off.”