The dollar index (DXY00) on Thursday finished little changed. The dollar Thursday recovered from a 1-week low and was little changed on better-than-expected US economic news that was hawkish for Fed policy. Weekly jobless claims unexpectedly fell to a 5-month low, and Sep personal spending rose more than expected. Thursday’s slump in stocks also boosted liquidity demand for the dollar. However, Thursday's strength in the euro limited the dollar's upside as better-than-expected Eurozone economic news boosted the euro to a 2-week high.
US weekly initial unemployment claims unexpectedly fell -12,000 to a 5-month low of 216,000, showing a stronger labor market than expectations of an increase to 230,000.
