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Dollar Extends Post-FOMC Losses
Yahoo Finance· 2025-12-11 20:32
The dollar index (DXY00) tumbled to a 1.75-month low on Thursday and finished down by -0.43%.  The dollar was under pressure Thursday on negative carryover from Wednesday after the FOMC cut the federal funds target range by -25 bp and said it would boost liquidity in the financial system and begin purchasing $40 billion a month in T-bills. The dollar added to its losses on Thursday after US weekly jobless claims rose more than expected to a 3-month high, a sign of labor market weakness that is dovish for ...