Dollar Rebounds on US Labor Market Strength

The dollar index (DXY00) on Thursday rose by +0.08%.  The dollar recovered from overnight losses on Thursday and turned higher after weekly US jobless claims rose less than expected, a sign of labor market strength.  The dollar extended its gains after a stock market slump boosted liquidity demand for the currency. The dollar initially moved lower on Thursday amid a stronger yuan, which rallied to a 2.75-year high.  Dovish comments from Chicago Fed President Alan Goolsbee also weighed on the dollar, as h ...