U.S. Dollar Rises Amid Positive Economic Signals

The U.S. dollar strengthened against major currencies following lower-than-expected jobless claims and increased retail sales. This development highlights economic health indicators that may affect future rate cuts. The dollar index showed a 0.36% increase, reaching 102.96.

The U.S. dollar made gains against a basket of currencies on Thursday, spurred by unexpected economic data.

Lower-than-anticipated jobless claims and a rise in retail sales offered a robust view of the economy, influencing market speculations on impending rate cuts.

The dollar index, which measures the U.S. currency against six major peers, registered an increase of 0.36%, reaching 102.96.

(With inputs from agencies.)