LONDON—The dollar nudged higher on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal Reserve will wait longer before cutting interest rates.
The dollar index—which tracks the U.S. currency against six other units—rose 0.2 percent to 104.53. It fell by 1.51 percent plunge on Wednesday—its largest drop for a single trading day in a year.
