Dollar bounces broadly, boosted by U.S. jobless claims data
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The dollar rallied across the board on Thursday, bolstered by an upbeat U.S. jobless claims report that suggested a stabilizing labor market in the world's largest economy.
The euro, meanwhile, faltered against the dollar after two days of gains, pressured partly by a weaker-than-expected Spanish debt auction, which served as a reminder to investors that the outlook for the euro zone's weaker nations remained uncertain.
But it was U.S. economic data and the dollar that caught the market's attention.
On the heels of a robust U.S. non-farm payrolls report last Friday, initial claims for state unemployment benefits fell to its lowest level since January 2008, the Labor Department said on Thursday. The claims dropped 4,000 to a seasonally adjusted 323,000. Economists polled by Reuters had expected first-time applications to rise to 335,000 last week.
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