The dollar index, which measures the performance of the US currency against a basket of six major currencies, rebounded by 0.25%, recording 104.6 points, after the release of US unemployment claims data, after falling by 0.70%, affected by inflation data in Wednesday’s trading.
Data from the US Bureau of Labor Statistics released today revealed that applications for unemployment benefits in the United States decreased to 222,000 applications in the week ending May 11, which strengthened optimism about the US economy.
Meanwhile, the US ten-year Treasury yield rose 1.3 basis points to 4.369%, in an attempt to recover from strong losses on Wednesday, and its two-year counterpart rose 4.9 basis points to 4.785%.
Markets are still awaiting more from the US Federal Reserve to assess the path of interest rates and monetary policy decisions expected in the upcoming meetings.
In statements reported by Reuters on Tuesday, Powell indicated his optimism about the United States economy, with expectations of continued growth and confidence in conjunction with a slowdown in inflation, which has strengthened risk appetite in global financial markets.
