The dollar index (DXY00) today is up by +0.13%. The dollar today recovered from a 1-week low and is mildly higher. The dollar was boosted by better-than-expected US economic news that was hawkish for Fed policy. Weekly jobless claims unexpectedly fell to a 5-month low, and Sep personal spending rose more than expected. Today's strength in the euro limits the dollar's upside as better-than-expected Eurozone economic news boosted the euro.
US weekly initial unemployment claims unexpectedly fell -12,000 to a 5-month low of 216,000, showing a stronger labor market than expectations of an increase to 230,000.
