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fxJul 16, 2026, 8:23 PM

US Dollar Rises on Resilient Labor Data; Oil and Gold Fall

The US Dollar Index climbed toward 100.80 after initial jobless claims fell to 208K, below the expected 217K. Meanwhile, oil and gold prices declined.

DXYXAUUSDUSOIL

The US Dollar Index (DXY) rose about 0.3% to near 100.80, supported by stronger-than-expected labor market data. US Initial Jobless Claims dropped to 208K, undershooting the consensus estimate of 217K.

In commodities, both oil and gold moved lower as the dollar strengthened. Gold prices retreated, while crude oil also declined amid the improved labor market outlook.

Source: FXStreet Forex News