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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Dollar weighed down by us economic concerns - What They Never Told You

The dollar index (DXY00) Tuesday fell by -0.02%.  The dollar Tuesday gave up an early advance and dropped to an 8-week low on US economic concerns.  The dollar retreated Tuesday as US bond yields tumbled after the US Apr JOLTS job openings fell more than expected to a 3-year low, a dovish factor for Fed policy. Also, a stock recovery on Tuesday reduced the liquidity demand for the dollar. 

The US Apr JOLTS job openings fell -296,000 to a 3-year low of 8.059 million, showing a weaker labor market than expectations of 8.350 million.

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