Dollar Edges Lower as the Euro Climbs on Hawkish ECB Rate Cut

Written on 09/17/2024
Rich Asplund

The dollar index (DXY00 ) Thursday retreated from a 1-week high and finished down by -0.33%. The dollar slid Thursday after US weekly jobless claims unexpectedly increased, which signaled a weaker labor market that is dovish for Fed policy. Also, strength in the euro weighed on the dollar as the...Dollars and Wallets - Puzzle made of money by Qimono via Pixabay