The dollar index rose by 0.64% to a 3-week high on Thursday, boosted by strong US economic reports and hawkish comments from the Kansas City Fed President. US Q2 GDP was revised upward to 3.8%, core PCE price index to 2.6%, and weekly jobless claims fell to a 2-month low.

EUR/USD fell by 0.65% to a 3-week low on Thursday, impacted by the stronger dollar and tensions between Russia and NATO. Market support for the euro comes from central bank divergence and the German October GfK consumer confidence report. Eurozone new car registrations rose 5.3% y/y.

USD/JPY rose by 0.56% on Thursday, with the yen dropping to a 1.75-month low against the dollar. Japan’s Aug PPI services prices rose less than expected, while higher T-note yields weighed on the yen. The slightly hawkish minutes of the July 30-31 BOJ meeting supported the yen.

Precious metal prices settled higher on Thursday, with gold and silver prices up. Factors contributing to this include safe-haven demand due to geopolitical risks, uncertainties around US tariffs, and Fed interest rate cuts. The rally in the dollar and higher global bond yields were bearish for precious metals.

Read more at Yahoo Finance: Strong US Economic Reports Support the Dollar