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Barchart
Barchart
Rich Asplund

Dollar Recovers as Stock Weakness Boosts Liquidity Demand

BOJ ECB Himino United States

The dollar index (DXY00) today is up by +0.09%.  The dollar today recovered from an 8-week low and is moderately higher as a slump in stocks has boosted liquidity demand for the dollar.  Gains in the dollar are limited after the US Apr JOLTS job openings fell more than expected to a 3-year low, a dovish factor for Fed policy.

The US Apr JOLTS job openings fell -296,000 to a 3-year low of 8.059 million, showing a weaker labor market than expectations of 8.350 million.

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