The Dollar index rallied to two-week highs of 95.09 in N.Y. on Thursday, buoyed by in-line jobless claims and factory orders ahead of what is expected to be a solid July employment report on Friday. EUR-USD fell to 1.1596 from highs of 1.1632 at mid-morning. USD-JPY climbed to 111.70 from 111.32 opening lows, as Wall Street recovered opening losses. USD-CAD bucked the trend and dipped to 1.2996 as oil prices recovered, as as hope for a NAFTA agreement appears to be getting closer. Cable squandered its post-BoE hike gains, settling in the low 1.30s.
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