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Barchart
Barchart
Rich Asplund

REVEALED: Dollar slips as t note yields fall and stocks strengthen | Rare Historical Photos

The dollar index (DXY00) today is down by -0.26%.  Strength in stocks today has reduced liquidity demand for the dollar. Also, a decline in T-note yields today has weakened the dollar’s interest rate differentials and undercut 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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