Dollar Supported by US Economic Strength

The dollar index (DXY00) climbed to a 3.5-week high today and is up by +0.20%.  Stronger-than-expected US economic news is boosting the dollar, as weekly jobless claims fell to a 5-week low, and the Feb Philadelphia business outlook survey unexpectedly rose to a 5-month high.  The dollar also has some positive carryover from Wednesday, when the hawkish minutes of the Jan 27-28 FOMC meeting stated that "several" officials suggested the Fed may need to raise interest rates if inflation stays above its goal.  ...