The dollar index slipped to almost 98 on Thursday, as oil prices pulled back from a four-year high, yen strenghten sharply and fresh data pointed to resilience in the US economy. Figures from the Bureau of Economic Analysis showed GDP grew at an annualized 2% in the first quarter, rebounding from a late 2025 slowdown linked to the government shutdown. Consumer spending rose 1.6%, supported by solid demand for services, while separate data showed jobless claims falling to multi-decade lows. The releases came shortly after the Federal Reserve held interest rates steady but highlighted growing divisions among policymakers amid uncertainty tied to the Middle East conflict. Meanwhile, the yen strengthened as much as 3% as traders speculated Japanese authorities may be intervening, following a strong warning against excessive currency weakness.