The greenback, when measured by the USD Index (DXY), maintains the bid tone for the second session in a row and trades closer to the 102.00 neighbourhood on Thursday.

USD Index looks at data, risk trends

The index advances further after bottoming out in the 100.40 region on Wednesday, helped at the same time by further loss of momentum in the risk-linked galaxy.

In the meantime, US yields remain well on the defensive and extend the leg lower to new multi-session lows across the curve against the backdrop of renewed recession concerns and speculation that the Fed might pause its hiking cycle as soo as at the May meeting.

Later in the session, usual weekly Claims will take centre stage along with the speech by St. Louis Fed J. Bullard (2025 voter, hawk).