Dollar falls as oil selloff ripples through the markets

The dollar finished Thursday’s session lower, erasing gains that followed a strong jobless-claims report, as falling commodity prices rattled stocks and pushed Treasury yields lower.

But the dollar remained in a narrow range against the euro, yen and several other rivals that has held for most of the week. The ICE U.S. Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, remains up about 7.6% since the beginning of the year—little-changed from its level on Monday.

The index DXY, +0.10% finished the session down 0.5% to 97.1550.

“We’re going to end the day basically right where we left home, around $1.0980,” said John Doyle, director of markets at Tempus Inc.

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