Dollar Slips on Weak US Labor Market News

The dollar index (DXY00) on Tuesday fell by -0.05%.  The dollar was under pressure on Tuesday as signs of weakness in the US labor market have bolstered the outlook for the Fed to keep cutting interest rates after ADP reported employers cut jobs this month. Losses in the dollar were limited by Tuesday's news that the Nov NAHB housing market index unexpectedly rose to a 7-month high.  Also, Tuesday's slide in stocks boosted some liquidity demand for the dollar. US weekly initial unemployment claims were 23 ...