Maroc - FINANCIALMIRROR.COM - A La Une - 02/Jan 14:55

Dollar bounces back on lower US jobless claims

The USDJPY pair bounced back from the intraday low of 156.43 in the North American session on Thursday. The dollar posted a fresh two-year high, with the DXY Dollar Index rising above 108.80, as U.S. Initial Jobless Claims for the week ending December 27 came in lower-than-projected. The Department of Labour reported that individuals claiming jobless benefits for the first time were 211,000, lower than estimates of 222,000 and the former release of 220,000, upwardly revised from 216,000. The greenback was already performing strongly on expectations that the Federal Reserve will reduce interest rates gradually this year. The pace of