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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Dollar falls with t note yields and stronger stocks | Rare Historical Photos

The dollar index (DXY00) Thursday fell by -0.35%.  The decline in T-note yields Thursday weakened the dollar’s interest rate differentials and undercut the dollar.  Also, the strength in stocks Thursday reduced liquidity demand for the dollar.  Losses in the dollar were limited by stronger-than-expected US economic news on weekly jobless claims, the Oct S&P manufacturing PMI, and Sep new home sales, hawkish factors for Fed policy.

US weekly initial unemployment claims unexpectedly fell -15,000 to 227,000, showing a stronger labor market than expectations of an increase to 242,000.

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