The dollar index (DXY00) today is up by +0.36%. The dollar garnered support today after weekly US jobless claims fell more than expected to a 4-month low, a hawkish factor for Fed policy. Also, higher T-note yields today have strengthened the dollar’s interest rate differentials. The dollar fell back from its best levels today after the British pound (^GBPUSD) surged to a 2-1/2 year high when the BOE kept interest rates unchanged.
US weekly initial unemployment claims fell -12,000 to a 4-month low of 219,000, showing a stronger labor market than expectations of 230,000.
