US Dollar bulls struggle to gain further ground, losses limited by resilient economy

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• The US Dollar Index showed some gains on Thursday, jumping to 104.10 and then stabilized at 104.00.
• February’s S&P PMIs came in mixed, while weekly Jobless Claims came in better than expected.
• Strong labor market figures may push the Fed to remain hawkish.

The US Dollar Index (DXY) saw a slight upswing to 104.10 in Thursday’s session following the release of mixed economic activity data and positive labor market figures but during the American session, it gave up gains at retreated to 104.00.