Dollar Posts Modest Gains as EUR/USD Falls

The dollar index (DXY00) on Thursday rose by +0.05%.  The dollar recovered from early losses on Thursday and posted modest gains as EUR/USD retreated.  The dollar also found some support on Thursday after US weekly jobless claims fell as expected.  The dollar initially moved lower on Thursday amid weaker-than-expected US reports on the Nov CPI and the Dec Philadelphia Fed business outlook survey, which may prompt the Fed to keep easing monetary policy.  Also, strength in stocks on Thursday curbed liquidity ...