US dollar index (DXY) spikes after stubborn initial jobless claims data

The US dollar index (DXY) is rising today as traders focus on news on stimulus and the disappointing jobless claims data from the United States. The index is trading at $93.74, which is slightly higher than this week’s low of $93.50. US jobless claims data disappoint The US labour force has been going through its worst performance in decades. On Friday last week, data showed that the economy added more than 661,000 jobs in September while the unemployment rate dropped to 7.2%. The number meant that the economy had more than 9 million less people in the labour force than