A picture taken on April 18, 2007 in London shows a woman holding Euro and US dollar notes.
Bertrand Langlois | AFP via Getty Images
The dollar recovered from a nine-week low on Thursday, lifted by a rise in U.S. Treasury yields after the government reported strong economic growth for the first quarter and an improvement in new jobless claims in the latest week.
U.S. benchmark 10-year Treasury yields rose 2 basis points on Thursday, to 1.639%, boosted by the upbeat economic reports.
Gross domestic product increased at a 6.4% annualized rate in the first quarter, the data showed, the second-fastest growth since the third quarter of 2003. First-quarter growth was powered by consumer spending, which increased at a 10.7% rate versus a 2.3% pace in the fourth quarter.
A separate report on Thursday showed U.S. initial claims for state unemployment benefits fell 13,000 to a seasonally adjusted 553,000 during the week ended April 24.