Dollar extends gains ahead of US monthly jobs report

The US dollar rose on Thursday, after the release of upbeat economic data, and boosted its gains ahead of the US monthly jobs report.

The US Department of Labor unveiled that the unemployment claims were at 745,000 last week, better than forecasts of 750,000.

The department will unveil the monthly jobs report tomorrow, which provides insight on the US labor market and the unemployment rate during February.

The yield of the US 10-year Treasury held at 1.47% today, after rising to a 1-year high of 1.6% last Friday

The dollar index rose against a basket of major currencies by 0.7% to 91.6 points as of 18:53 GMT, after hitting a high of 91.6 points and a low of 90.9 points.