Dollar near two-week high amid strong US data, Mideast tensions

The DXY Dollar Index rose on Thursday and remains on a winning streak near 98.70, supported by stronger-than-expected US data and persistent geopolitical uncertainty, as conflicting headlines keep markets cautious. Weekly Initial Jobless Claims rose to 214,000 from 212,000, still consistent with a resilient labour market. Meanwhile, preliminary S&P Global PMIs for April surprised to the upside, with Manufacturing at 54 points and Services at 51.3, reinforcing the view that the US economy remains on a solid footing. This combination lifted US yields and further underpinned the greenback. A notable geopolitical update crossed the wires, with a report from Israel’s The post Dollar near two-week high amid strong US data, Mideast tensions appeared first on Financial Mirror .

Go to News Site