Producer prices in the United States rose more than forecasts in March, data released on Thursday showed, helping the dollar to widen its gains.
The producer price index (PPI) saw a 0.6 percent increase last month, following a 0.3 percent soar in February. The year-on-year reading climbed to 2.2 percent from a previous of 1.9 percent.
Core PPI showed a 0.3 percent surge, compared to both prior and excepted readings of 0.1 percent and 0.2 percent.
Another report from the U.S. showed a drop in initial jobless claims to 196,000 last week from a revised of 2014,000 a week before.
The dollar index strengthened to 96.74 from the session’s open at 96.51,
set for the frist daily gain in four, as of 12:40 GMT.