The dollar index (DXY00) fell from a new 1.5-month high on Thursday and finished down by -0.03%. The dollar posted modest losses on Thursday as a sharp rally in stocks curbed demand for dollar liquidity. Lower T-note yields on Thursday also weighed on the dollar.
Dollar losses were limited Thursday after US weekly jobless claims unexpectedly fell to an 8-week low, signaling a strong labor market. The dollar also has carryover support from Wednesday when the FOMC raised interest rates by 25 bp and signaled another rate hike by the end of the year.
Dollar Soars as Fed Hikes Rates and Signals More to Come
Dollar Weakens with Crude Oil Prices and T-Note Yields
Dollar Posts Modest Gains Ahead of Expected Fed Rate Hike
#modest #rates
Dollar losses were limited Thursday after US weekly jobless claims unexpectedly fell to an 8-week low, signaling a strong labor market. The dollar also has carryover support from Wednesday when the FOMC raised interest rates by 25 bp and signaled another rate hike by the end of the year.
Dollar Soars as Fed Hikes Rates and Signals More to Come
Dollar Weakens with Crude Oil Prices and T-Note Yields
Dollar Posts Modest Gains Ahead of Expected Fed Rate Hike
#modest #rates
2 months ago
