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

BIZARRE: Dollar slightly lower on us labor market weakness - What They Never Told You

The dollar index (DXY00) today is down by -0.05%.  The dollar today retreated from a 1-3/4 month high and turned lower after US weekly jobless claims jumped to a 14-month high, a dovish factor for Fed policy.  The dollar today initially moved higher after US consumer prices rose more than expected, a hawkish factor for Fed policy.  Also, the weakness in stocks today has boosted some liquidity demand for the dollar.

US weekly initial unemployment claims increased by +33,000 to a 14-month high of 258,000, showing a weaker labor market than expectations of 230,000.

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.