Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

RARE PHOTOS: Dollar gains on higher t note yields and hawkish fed comments - The Real Truth

The dollar index (DXY00) Thursday rose by +0.34%.  Higher T-note yields Thursday strengthened the dollar’s interest rate differentials and supported the dollar.  Also, hawkish comments Thursday from Minneapolis Fed President Kashkari were bullish for the dollar when he said it would likely take a year or two for the US to get back to 2% inflation.  Thursday’s weaker-than-expected US economic reports were bearish for the dollar. 

US weekly initial unemployment claims fell -5,000 to 238,000, signaling a weaker labor market than expectations of 235,000. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.