The dollar index (DXY00) Thursday rose by +0.26%. The dollar moved higher Thursday 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 also boosted the dollar after EUR/USD fell a 1-1/2 week low when German Aug CPI rose less than expected and after dovish ECB comments knocked the euro lower. Gains in the dollar were 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.
