The dollar index (DXY00) today is down by -0.05%. The dollar today retreated from a 1-3/4 month high and turned lower after US weekly jobless claims jumped to a 14-month high, a dovish factor for Fed policy. The dollar today initially moved higher after US consumer prices rose more than expected, a hawkish factor for Fed policy. Also, the weakness in stocks today has boosted some liquidity demand for the dollar.
US weekly initial unemployment claims increased by +33,000 to a 14-month high of 258,000, showing a weaker labor market than expectations of 230,000.
