The U.S. dollar advanced against a basket of currencies on Thursday, after data showed producer prices posted their largest annual increase in more than a decade in the 12 months through July, suggesting inflation pressures remain strong.
The dollar index , which measures the greenback against a basket of six rivals, was 0.1% higher at 93.019.
Separately, data showed the number of Americans filing claims for unemployment benefits fell again last week as the economic recovery from the COVID-19 pandemic continued. "The U.S. dollar held near the top of a tight overnight range as fresh data renewed pressure on the Fed to shift away from low rate policy," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
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