The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data showing a record 22 million Americans have sought unemployment benefits in the last month.

The dollar rose 0.45% to 100.08, a one-week high against a basket of six major currencies, after snapping a four-day losing streak the previous day as equity market gains fizzled.

Initial claims for state unemployment benefits dropped 1.370 million to a seasonally adjusted 5.245 million for the week ended April 11, the government said. Record jobless filings underscore the deepening economic slump caused by the coronavirus outbreak.

Source : Reuters