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Barchart
Barchart
Rich Asplund

Dollar Gains on Hawkish Waller Comments and Strong US Economic Reports

The dollar index (DXY00) this morning is up by +0.06% at a 6-week high. Hawkish comments Wednesday night from Fed Governor Waller boosted the dollar when he said there’s “no rush” for the Fed to ease monetary policy.  The dollar maintained moderate gains on today’s better-than-expected US economic reports, which were  hawkish for Fed policy.

US weekly initial unemployment claims unexpectedly fell -2,000 to 210,000, showing a stronger labor market than expectations of an increase to 212,000.

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