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Barchart
Barchart
Rich Asplund

Dollar Falls on the Weaker-Than-Expected US Payroll Report

United States Christopher Waller Iran BOJ eurozone Inflation Gold ECB PBOC US Federal Reserve

The dollar index (DXY00) today is down by -0.20%.  The dollar is under pressure today from a weaker-than-expected US Feb payroll report.  Also, a decline in US Jan retail sales added to negative sentiment toward the dollar. 

Losses in the dollar are limited as a slump in equity markets today has boosted some liquidity demand for the dollar.  Also, comments today from Fed Governor Christopher Waller were supportive of the dollar when he said the Iran war is unlikely to cause sustained inflation. 

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