The dollar index (DXY00) Thursday fell by -0.09%. The dollar on Thursday gave up an early advance and turned lower, based on dovish comments from Fed Governor Waller, who said if inflation moves lower, there may be more Fed rate cuts this year than the market anticipates.
Thursday's US economic news was mixed for the dollar. On the bullish side, the Jan Philadelphia Fed business outlook survey rose more than expected to a 3-3/4 year high, and the Jan NAHB housing market index unexpectedly rose to a 9-month high. Conversely, Dec retail sales rose less than expected, and weekly jobless claims rose more than expected.
