The dollar index (DXY00 ) increased by +0.35% on Thursday, reaching a 2-1/4 month high. The reason for this increase was due to the release of better-than-expected U.S. economic reports, including weekly jobless claims and Q1 GDP. Such reports signaled positivity for the Federal Reserve policy and supported the dollar. Additionally, the 10-year T-note yield rose to a 2-1/2 week high on Thursday, further strengthening the dollar.
