above 2047 / 2062 ,70
below 2047 /2036 ,29
The dollar index (DXY00) on Thursday fell by -0.23%. The dollar on Thursday gave up an early advance and turned lower after a plunge in T-note yields sparked some selling of the dollar. The dollar was also weighed down by Fed-friendly U.S. economic reports on weekly jobless claims and Q4 nonfarm productivity. The dollar Thursday initially moved higher on positive carryover from Wednesday afternoon when Fed Chair Powel said he doesn’t think it is likely the Fed will cut rates in March.
Thursday’s U.S. economic news mixed for the dollar. On the bearish side, weekly initial unemployment claims unexpectedly rose +9,000 to a 2-1/2 month high of 224,000, showing a weaker labor market than expectations of a decline to 212,000. Also, Q4 nonfarm productivity rose +3.2%, stronger than expectations of +2.5%. Conversely, the Jan ISM manufacturing index unexpectedly rose +2.0 to a 15-month high of 49.1, stronger than expectations of a decline to 47.2. Also, Dec construction spending... Read more
below 2047 /2036 ,29
The dollar index (DXY00) on Thursday fell by -0.23%. The dollar on Thursday gave up an early advance and turned lower after a plunge in T-note yields sparked some selling of the dollar. The dollar was also weighed down by Fed-friendly U.S. economic reports on weekly jobless claims and Q4 nonfarm productivity. The dollar Thursday initially moved higher on positive carryover from Wednesday afternoon when Fed Chair Powel said he doesn’t think it is likely the Fed will cut rates in March.
Thursday’s U.S. economic news mixed for the dollar. On the bearish side, weekly initial unemployment claims unexpectedly rose +9,000 to a 2-1/2 month high of 224,000, showing a weaker labor market than expectations of a decline to 212,000. Also, Q4 nonfarm productivity rose +3.2%, stronger than expectations of +2.5%. Conversely, the Jan ISM manufacturing index unexpectedly rose +2.0 to a 15-month high of 49.1, stronger than expectations of a decline to 47.2. Also, Dec construction spending... Read more