The dollar fell as lower U.S. Treasury yields, fueled by a spike in jobless claims, hinted at a potential peak in interest rates. Despite the surge in unemployment claims, actual layoffs may not be accelerating due to the Memorial Day holiday. Nevertheless, the data prompted a more than two-week low for the dollar against major currencies, suggesting a slowdown in the U.S. labor market. The dollar index stood at 103.41, registering its largest daily decline in weeks.
Read more at CNBC