THE US DOLLAR MAKES NOTABLE GAINS, SUPPORTED BY POSITIVE UNEMPLOYMENT CLAIMS DATA
US Dollar Gains: The US Dollar Index rose significantly on Thursday.
Positive Unemployment Data: Weekly unemployment claims were lower than expected at 211,000, better than the forecasted 222,000 and the previous week’s 220,000.
Economic Confidence: This improvement boosted confidence in the US economy.
Fed's Policy Expectations: It strengthened expectations that the Federal Reserve will keep interest rates high longer and reduce chances of major cuts soon.
