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

Strong Stocks and Dovish Fed President Barkin Weigh on the Dollar

Barkin US Federal Reserve Richmond Fed ECB Gold United States

The dollar index (DXY00) Friday fell by -0.42%.  The dollar fell back from Thursday’s 2-year high as strength in stocks on Friday reduced liquidity demand for the dollar.  Losses in the dollar accelerated due to dovish comments from Richmond Fed President Barkin, who said the Fed doesn’t need to be as restrictive as it once thought.  On the positive side for the dollar was the rise in T-note yields on the stronger-than-expected US Dec ISM manufacturing index, a hawkish factor for Fed policy. 

The US Dec ISM manufacturing index unexpectedly rose +0.9 to a 9-month high of 49.3, stronger than expectations of a decline to 48.2.

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
Smokers have a lower risk of Parkinson’s – we may have found out why
Smoking is one of the biggest causes of ill health and early death. Yet smokers seem to have a lower risk of developing Parkinson’s disease than non-smokers – by around half according to some studies.
The Conversation
The Conversation
NY Woman finds stolen Tamayo painting in trash; Sotheby’s sells it for $1.049 million
In 2003, Elizabeth Gibson found a brightly coloured painting in the rubbish on Manhattan’s Upper West Side. She later discovered it was Rufino Tamayo’s 1970 work “Tres Personajes”, stolen from a Houston couple in 1987. Sotheby’s planned to auction it for up to $1 million.
The Times of India
The Times of India
Jaden Newman Leaked Video Controversy: Viral Post Claims LaMelo Ball Paid Her $250K for One Encounter
A viral post claimed LaMelo Ball paid Jaden Newman $250,000 after seeing a private video, but no reliable evidence supports the alleged payment, encounter or quote.
International Business Times UK
International Business Times UK
His Wife Says Decades of Sleep Talking Nearly Went Quiet After Hypnosis Gave Her a One-Word Cue
A man's decades-long sleep talking faded after hypnosis gave his wife a librarian's "Shhhh" as a cue, a case report says. Here's what it shows.
Medical Daily
Medical Daily
A Woman Smoked, Ate, and Walked in Her Sleep, and the Behaviors Returned Every Time Her Medication Stopped
A woman sleepwalked, ate, and smoked during sleep. A 2022 case report found that one bedtime drug quieted all three until it was stopped.
Medical Daily
Medical Daily
Have an Elmo Teether in the Freezer? Check It Before Giving It Back to Baby
That familiar red Elmo face sitting in your freezer may deserve a closer look before it goes back into your baby’s hands. A Skip Hop Baby “Sesame Street” Elmo Silicone Teether has been recalled because its black eye pieces can detach if the product is frozen, creating a choking hazard.…
Kids Ain't Cheap
Kids Ain't Cheap
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play