Dollar extends gains as US T-bond yields rebound

The US dollar rose against most of its counterparts on Thursday, and extended its gains after the US Treasury bond yields rebounded.

The US Department of Labor revealed that the number of initial unemployment claims fell to 547K last week, the lowest reading since March 2020, better than forecasts of 607K.

This comes amid anticipation of the results of major companies, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

The 10-year US Treasury yield edged up today to 1.563%.

The dollar index rose against a basket of currencies by 0.3% to 91.3 points as of 18:30 GMT, after it hit a high of 91.2 points and a low of 91 points.