Encouraging data from the U.S. and expectations that the Federal Reserve will be the first to move amongst the major central banks to raise Interest Rates supported the U.S. dollar Thursday. The U.S currency was near a 13-month high, in part boosted by inflows from investors fleeing the Euro-zone and in part driven by expectations that the recovery in the U.S. was on much solid ground.

The greenback extended gains versus the EUR after data showed the number of U.S. workers filing new applications for unemployment insurance fell last week, though by an amount slightly less than expected. Initial jobless claims in U.S. fell by 4,000 to 444,000 in the week ended May 8, higher than the median forecast of economists.