Dollar Limits Gains but Maintains Positive Territory

The U.S. Dollar (USD) rose on Thursday after data showed an increase in jobless claims in the United States.

Last week’s data showed that the labor market is yet to recover and restore its pre-pandemic strength, which reflected negatively on investors’ risk appetite.

The Dollar Index (DXY), which measures the greenback against a basket of six major international currencies, is up by 0.09% at 92.84, after rising earlier as high as 92.507, while its lowest level was at 92.923.

U.S. initial claims for unemployment benefits increased to 419,000 last week, according to the U.S. Department of Labor.