Quotes from Western Union:
- A decent set of weekly jobless claims figures helped the dollar recover further from Wednesday's dovish Fed minutes. Another sub- 300,000 print (283K officially) of weekly jobless claims highlighted the strengthening trend in the labor market.
- It bears noting that the minutes from the Fed's late January meeting took place before the January jobs report which topped forecasts with strong hiring in excess of 250,000.
- Any attempt by the dollar to revisit recent 11-year highs look a bit trickier with the Fed appearing less likely to hike rates anytime soon amid wariness over low inflation and global uncertainty.