The dollar index (DXY00) today is down by -0.19%. The dollar today is posting modest losses and is weighed down by lower T-note yields. Also, dovish comments from New York Fed President Williams undercut the dollar when he said he expects the Fed to keep cutting interest rates. Losses in the dollar were limited after US weekly initial unemployment claims unexpectedly fell to a 6-1/2 month low, a hawkish factor for Fed policy.
US weekly initial unemployment claims unexpectedly fell -6,000 to a 6-1/2 month low of 213,000, showing a stronger labor market than expectations of an increase to 220,000.
