The dollar index (DXY00) Thursday rose by +0.26% to a 6-week high. The dollar remains underpinned as heightened Middle East tensions are boosting safe-haven demand for the dollar. Also, higher T-note yields Thursday strengthened the dollar’s interest rate differentials. In addition, weakness in the yen supports the dollar as the yen fell to a 6-week low against the dollar Thursday on expectations the BOJ will not raise interest rates again this year.
US weekly initial unemployment claims rose +6,000 to 225,000, showing a slightly weaker labor market than expectations of 221,000.
