The dollar index (DXY00) today is up +0.18%. The dollar recovered from overnight losses and turned higher after weekly US jobless claims rose less than expected, a sign of labor market strength. The dollar extended its gains after a stock market slump boosted liquidity demand for the currency. The dollar initially moved lower today amid a stronger yuan, which rallied to a 2.75-year high.
US weekly initial unemployment claims rose by +4,000 to 212,000, showing a stronger labor market than expectations of 216,000.
