Dollar Falls on Stock Strength

The dollar index (DXY00) today is down by -0.28%.  Today’s stock rally has curbed liquidity demand for the dollar.  Losses in the dollar are contained due to today’s stronger-than-expected US economic news on weekly jobless claims and Q3 GDP. US weekly initial unemployment claims rose +1,000 to 200,000, showing a stronger labor market than expectations of 209,000. More News from Barchart US Q3 GDP was revised upward by 0.1 to 4.4% (q/q annualized), stronger than expectations of no change at 4.3%. US ...