NSE:GRASIM 12 November 2025

April 17, 2026, 12:18 PM EDT. The U.S. dollar index rose 0.17% on Thursday, recovering from a six-week low as stronger-than-expected U.S. economic data pushed Treasury note yields higher. Weekly jobless claims dropped to 207,000, signaling a robust labor market, while the Philadelphia Fed business outlook hit a 15-month high of 26.7. Hawkish remarks from New York Fed President John Williams, favoring steady Federal Reserve policy amid Middle East uncertainty, supported the dollar. However, initial gains were tempered by easing geopolitical tensions between the U.S. and Iran, and a record high S&P 500 reduced safe-haven demand. The euro declined 0.15% after ECB officials signaled pausing rate hikes despite stronger Eurozone industrial production. Market expectations for future rate hikes diverge, with the Fed likely holding rates steady and the ECB and BOJ expected to raise rates in 2026, which weighs on the dollar outlook.