The dollar index (DXY00) is moderately higher by +0.41% on today’s hawkish U.S. PPI report, which caused market participants to slightly dial back expectations for a Fed rate cut within the next few months. The dollar index is also seeing support from today’s sharp +10 bp rise in the 10-year T-note yield, which improved the dollar’s interest rate differentials. Weekly U.S. initial unemployment claims fell by -1,000 to 209,000, showing a stronger labor market than expectations for a rise to +218,000. Continuing claims rose +17,000 to 1.811 million from a revised 1.794 million (preliminary 1.906…