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

Dollar Retreats on Wide US Trade Deficit and Dovish Job Openings Report

The dollar index (DXY00) today is down by -0.41%.  The dollar is retreating today after the US July trade deficit widened by the most in 2 years.  Lower T-note yields today are also weighing on the dollar.  Losses in the dollar accelerated after the US July JOLTS job openings fell more than expected to a 3-1/2 year low, a dovish factor for Fed policy.

The US July trade deficit widened to -$78.8 billion from -$73.0 billion in June, the largest deficit in 2 years and a negative factor for Q3 GDP.

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.