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

Dollar Climbs as Lagarde Comments Hammer the Euro

The dollar index (DXY00) Thursday rose by +0.42% on support from higher T-note yields.  Gains in the dollar accelerated after the euro tumbled when ECB President Lagarde said risks to the economic outlook are tilted to the downside.

Thursday’s US economic news was mixed for the dollar.  Weekly jobless claims rose more than expected, which is a dovish factor for Fed policy, while the July Philadelphia Fed business outlook survey rose more than expected, which is a hawkish factor for Fed policy. 

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
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.