The dollar index (DXY00) on Thursday rose by +0.70%. The dollar on Thursday recovered from a 2-1/2 week low and posted moderate gains after stronger-than-expected U.S. economic reports bolstered the outlook for the Fed to raise interest rates one more time this year. Also, dovish ECB comments on Thursday undercut EUR/USD to the dollar’s benefit.
U.S. weekly initial unemployment claims were unchanged at 209,000, showing a slightly stronger labor market than expectations of an increase to 210,000.
