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

REVEALED: Dollar supported by us economic strength | Rare Historical Photos

The dollar index (DXY00) today is up by +0.08%.  The dollar today recovered from early losses and is modestly higher, just below Wednesday’s 2-year high.  Better-than-expected US economic news today supported the dollar.  The dollar also has carryover support from Wednesday when the FOMC signaled only 50 bp of interest rate cuts next year, down from a September projection of 100 bp of rate cuts.  Strength in stocks today has curbed some liquidity demand for the dollar.

US weekly initial unemployment claims fell -22,000 to 220,000, showing a stronger 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
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.