The dollar index (DXY00) today is up by +0.18%. The dollar today erased overnight losses and turned higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Strength in stocks today is limiting the upside in the dollar.
US weekly initial unemployment claims fell -17,000 to 233,000, showing a stronger labor market than expectations of 240,000. Weekly continuing claims rose +6,000 to a 3-1/2 year high of 1.875 million, right on expectations.
