The dollar index (DXY00) on Thursday fell by -0.30%. The dollar gave up an early advance Thursday and fell moderately after US weekly jobless claims rose more than expected to an 8-1/2 month high, a dovish factor for Fed policy. The dollar was also weighed down Thursday by a decline in T-note yields. The dollar on Thursday initially moved higher when the British pound (^GBPUSD) tumbled to a 2-week low after BOE Governor Baily signaled the BOE may cut interest rates sharper than the markets expect.
US weekly initial unemployment claims rose +22,000 to an 8-1/2 month high of 231,000, showing a weaker labor market than expectations of 212,000.
