The dollar index (DXY00) Thursday fell by -0.54%. The dollar retreated Thursday after US weekly jobless claims rose more than expected to a 6-week high, a dovish factor for Fed policy. Also, the euro rallied and weighed on the dollar as French political tensions eased after National Rally leader Le Pen said France could pass a budget for 2025 in the next few weeks. Hawkish comments from San Francisco Fed President Daly pushed T-note yields higher and supported the dollar when she said there's "no sense of urgency" for the Fed to lower interest rates.
US weekly initial unemployment claims rose +9,000 to a 6-week high of 224,000, showing a weaker labor market than expectations of 215,000.
