The dollar index (DXY00) today is up by +0.17% and posted a 4-week high. The dollar is moving higher today on some better-than-expected US economic news. US job cuts last month fell to a 17-month low, and weekly jobless claims rose less than expected, positive factors for the labor market that are hawkish for Fed policy. Also, Q3 non-farm productivity rose, and the trade deficit shrank to a 16-year low, dollar supportive factors.
US Dec Challenger job cuts fell -8.3% y/y to 35,553, a 17-month low and a supportive factor for the US labor market.
