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

Dollar Edges Higher with T-Note Yields

The dollar index (DXY00) on Thursday rose by +0.19%.  The dollar recovered from a 2.5-week low and moved higher as T-note yield rose after weekly jobless claims unexpectedly fell to a 3-month low, a sign of labor market strength that is hawkish for Fed policy and positive for the dollar. 

The dollar was initially under pressure on Thursday as improved prospects for an EU trade agreement with the US boosted the euro.  Also, Thursday’s weaker-than-expected US PMI and new home sales reports were bearish for the dollar. 

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.