The dollar index (DXY00) Thursday rose by +0.37%. The dollar moved higher Thursday on signs of strength in the economy after weekly jobless claims fell to a 1-month low and the May S&P manufacturing PMI unexpectedly increased, hawkish factors for Fed policy.
However, gains in the dollar are limited after the House on Thursday passed President Trump's tax and spending plan, which will add to the burgeoning US budget deficit. The bill now goes to the Senate for approval.
