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.
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Dollar Rises as Positive U.S. Economic Reports Increase Treasury Note Yields
By JamesUpdated:No Comments1 Min Read
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