The dollar index (DXY00) this morning is down by -0.18%. The dollar gave up an early advance today and turned lower after US weekly jobless claims rose more than expected to an 8-1/2 month high, a dovish factor for Fed policy. The British pound ([^GBPUSD](https://www.barchart.com/forex/quotes/%5EGBPUSD/overview)) today fell to a 2-week low after BOE Governor Baily signaled the BOE may cut interest rates sharper than the markets expect. US weekly initial unemployment claims rose +22,000 to an 8-1/2 month high of 231,000, showing a weaker labor market than expectations of 212,000. The markets ar…