The BBDXY more than reverses early Thursday losses and moves to a fresh session high as the initial post-U.S. data reaction looks to the lower than-expected rounds of weekly jobless claims prints (as well as better-than-expected housing permits and building starts) and the subsequent uptick in Tsy yields.

• A softer-than-expected Philly Fed survey provides a modest limiting factor for the initial USD demand before a second-round bid kicks in alongside fresh selling in Tsys.
• USD bulls eye yesterday’s ’24 BBDXY peak.