The dollar index (DXY00) on Thursday rose by +0.35%. The dollar rose on Thursday as doubts about whether a ceasefire in Iran will materialize weighed heavily on stocks and boosted safe-haven demand for the dollar. Also, Thursday's decline in US weekly continuing unemployment claims to a 1.75-year low is a sign of a strong labor market that is hawkish on Fed policy and dollar-supportive. In addition, Thursday's +4% surge in crude oil prices pushed inflation expectations higher and may prompt the Fed to keep ...

The dollar index (DXY00) today is up by +0.02%.  The dollar recovered from early losses today and moved slightly higher after Iran said it rejected the US peace proposal.  Also, today's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years, is hawkish for Fed policy and supportive of the dollar. The dollar initially moved lower today as stocks rallied after the Trump administration stepped up efforts to end the war with Iran and sent Iran a 15-point pea ...

The dollar index (DXY00) on Thursday fell by -0.75%.  The dollar was under pressure Thursday after the British pound, the euro, and the Japanese yen all rallied following hawkish comments from the BOE, ECB, and BOJ on the inflationary effects of soaring energy prices from the war in Iran.  Losses in the dollar accelerated on Thursday after the US Jan new home sales fell more than expected to a 3.25-year low. Thursday's stock market weakness boosted some liquidity demand for the dollar.  Also, Thursday's ...

The dollar index (DXY00) today is down by -0.45%.  The dollar is under pressure today after the British pound, the euro, and Japanese yen rallied when the BOE, ECB, and BOJ made hawkish comments about the inflationary aspects of soaring energy prices from the war in Iran.  Losses in the dollar accelerated today after the US Jan new home sales fell more than expected to a 3.25-year low. Losses in the dollar are limited as today's stock market weakness has boosted some liquidity demand for the dollar.  Als ...

The dollar index (DXY00) today is up by +0.30%.  The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy.  Also, signs of escalation in the Iran war knocked stocks lower and boosted liquidity demand for the dollar after Iran said it will target energy infrastructure in Saudi Arabia, Qatar, and the UAE in retaliation for US and Israeli airstrikes on its South Pars gas field and its Asaluyeh oil industry facilities. ...

The dollar index (DXY00) on Tuesday fell by -0.14%.  The dollar gave up overnight gains and turned lower on Tuesday as T-note yields fell after the weekly ADP employment change showed the fewest new jobs added in five weeks, a dovish factor for Fed policy.  The dollar extended its losses on Tuesday after stocks rallied, which curbed liquidity demand for the dollar. Losses in the dollar were limited after Feb pending home sales unexpectedly increased, and as the war against Iran enters its eighteenth day ...

The dollar index (DXY00) today is down by -0.12%.  The dollar gave up an overnight advance and turned lower today as T-note yields fell after the weekly ADP employment change showed the smallest number of new jobs added in five weeks, a dovish factor for Fed policy. Losses in the dollar are limited after Feb pending home sales unexpectedly increased, and as the war against Iran enters its eighteenth day with no end in sight, boosting safe-haven demand for the dollar. The ADP weekly employment change for ...

The dollar index (DXY00) on Monday fell by -0.64%.  Monday’s stock rebound has diminished liquidity demand for the dollar.  The dollar added to its losses on Monday after T-note yields fell, weakening the dollar’s interest rate differentials. Monday’s US economic news was mixed for the dollar after the Feb Empire manufacturing index fell more than expected, but Feb manufacturing production and the Mar NAHB housing market index rose more than expected. More News from Barchart The US Feb Empire manufactu ...

The dollar index (DXY00) on Thursday rose by +0.51% and posted a 3.5-month high.  Thursday’s stock slump boosted liquidity demand for the dollar.  Also, higher T-note yields on Thursday have strengthened the dollar’s interest rate differentials.  Thursday’s US economic news was mostly supportive for the dollar as weekly jobless claims rose less than expected and the Jan trade deficit narrowed more than expected, while Jan housing starts unexpectedly rose to an 11-month high. US weekly initial unemploymen ...

The dollar index (DXY00) today is up by +0.34%.  Today's stock slump has boosted liquidity demand for the dollar.  Also, higher T-note yields today have strengthened the dollar's interest rate differentials.  Today's US economic news was mostly supportive for the dollar as weekly jobless claims rose less than expected and the Jan trade deficit narrowed more than expected, while Jan housing starts unexpectedly rose to an 11-month high. US weekly initial unemployment claims fell -1,000 to 213,000, showing ...