USD was choppy with the US Dollar Index ending the session flat in range bound trade. Unemployment claims dropped to 239k from 250k the prior week which was in line with consensus and having little effect on the USD, though Philly Fed Manufacturing figures did have a big beat coming in at +12.0 vs an expected -9.8, which was the highest print since April 2022. This, along with stubbornly high yields and a general risk-off background, saw the USD reverse some early weakness on Yuan intervention headlines. DXY pushing its head above the resistance at July’s highs before stalling. (full story)