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

Dollar Gains on US Trade Deal Hopes

The dollar index (DXY00) today is up by +0.09%.  The dollar is modestly higher today due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese officials on a trade deal.  The dollar also rose after US weekly jobless claims unexpectedly fell to a 2-month low, a sign of labor market strength, and New York Fed President Williams said the US economy is in a very good place.  Gains in the dollar were limited after Mar housing starts fell more than expected, and the Apr Philadelphia Fed business outlook survey fell to a 2-year low.

US weekly initial unemployment claims unexpectedly fell -9,000 to a 2-month low of 215,000, showing a stronger labor market than expectations of an increase to 225,000.

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.