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Barchart
Barchart
Rich Asplund

EXPLAINED: Dollar drops on dovish u s economic reports | Vintage Vibes

The dollar index (DXY00) this morning is down by -0.25% and posted a 1-month low.  The dollar extended Wednesday’s losses on today’s Fed-friendly productivity and trade deficit reports.  Also, strength in the yen weighed on the dollar as the yen today climbed to a 1-month high against the dollar.  Strength in stocks today has also reduced liquidity demand for the dollar. 

U.S. weekly initial unemployment claims were unchanged at 217,000, close to expectations of 216,000.

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