The dollar index (DXY00) dollar today recovered from an early 5-week low and is up +0.25%. The dollar is seeing support from a rebound in T-note yields. Today’s US economic reports were mixed for the dollar. The dollar was undercut by dovish comments from New York Fed President Williams, who said he doesn't "see any need to tighten monetary policy today."
US weekly initial unemployment claims fell -10,000 to 222,000, showing a weaker labor market than expectations of 220,000.
