• US Dollar gets a boost from an increase in US Treasury yields on Thursday.
• Markets still show signs of caution as Fed officials express a conservative stance on embracing easing cycles.
• The mixed US economic outlook tempers upside in the Greenback.

On Thursday, the US Dollar, as gauged by the Dollar Index (DXY), saw significant strength on the back of rising US Treasury yields. This follows a dip midweek as market participants analyzed several recently released mid-tier data releases, including soft Retail Sales figures from May. On Thursday, the USD shrugged off weak labor and housing data.

In regard to the US economic outlook, while there are signs of disinflation, Federal Reserve (Fed) officials' measured comments are keeping the market's expectations in check. If the mixed signals from the economy persist, it could potentially hinder further USD strength.