The dollar index (DXY00) today is up by +0.31%. The dollar is climbing today on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the euro is also boosting the dollar after German Aug CPI rose less than expected, and dovish ECB comments knocked EUR/USD down to a 1-1/2 week low. Gains in the dollar are limited after US Jul pending home sales unexpectedly declined.
US weekly initial unemployment claims fell -2,000 to 231,000, showing a slightly stronger labor market than expectations of 232,000.
