The dollar index (DXY00) today climbed to a 2-week high, up by +0.10%. The dollar garnered support from today's as-expected US April retail sales report. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.
US weekly initial unemployment claims rose +12,000 to 211,000, showing a slightly weaker labor market than expectations of 205,000.
