
The dollar index (DXY00) today is up by +0.11%. The dollar today is slightly higher as stock weakness has boosted some liquidity demand for the dollar. Also, higher T-note yields today are supportive of the dollar. Gains in the dollar are limited after US weekly jobless claims rose more than expected, a dovish factor for Fed policy.
US weekly initial unemployment claims rose +6,000 to a 6-week high of 223,000, showing a weaker labor market than expectations of 220,000. Also, weekly continuing claims rose +46,000 to a 3-year high of 1.899 million, showing a weaker labor market than expectations of 1.866 million.