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The dollar index (DXY00) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low, a sign of labor market strength that was hawkish for Fed policy. In addition, hawkish Fed comments Thursday gave the dollar a boost when several policymakers said the Fed could take its time before cutting interest rates. The dollar gave up most of its advance Thursday and turned slightly lower as …

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