The dollar index (DXY00) is up by +0.18% today. The dollar is moving higher today as better-than-expected US economic reports signal economic strength. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retail sales rose as expected, and the Jul Philadelphia Fed business outlook survey jumped to a 4.5-year high. Also, today's stock weakness has boosted liquidity demand for the dollar. Gains in the dollar are limited after June pending homes posted their biggest decline in 6 months.
US weekly initial unemployment claims unexpectedly fell -8,000 to a 10-week low of 208,000, showing a stronger labor market than expectations of an increase to 217,000.
