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Rich Asplund

THE TRUTH ABOUT: Dollar slips as stocks strengthen | History Defined

United States BOJ Gold Euro Iran PBOC

The dollar index (DXY00) is down by -0.11% today. The dollar is moving lower today as strength in stocks has reduced liquidity demand for the currency. The dollar dropped to its low after US Jun existing home sales unexpectedly declined.

Losses in the dollar are limited after US weekly jobless claims unexpectedly fell to a 6-week low, a sign of labor market strength. Also, the escalation of hostilities between the US and Iran has boosted demand for the dollar as a safe haven.

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