Dollar Gains on Strong US Economic Data and Hawkish Fed Comments
The US dollar rose as better-than-expected economic data and hawkish comments from New York Fed President John Williams supported its value. Weekly jobless claims fell more than expected, and the Philadelphia Fed business outlook survey reached a 15-month high. However, the dollar initially declined due to news of a potential ceasefire extension between the US and Iran, reducing safe-haven demand.
Topics: Dollar Fed Policy Geopolitical Events Jobless Claims Philadelphia Fed Survey US Economy