Dollar Tumbles on US Labor Market Concerns and Euro Strength

Written on 06/05/2025
Rich Asplund

The dollar index (DXY00 ) today is down by -0.31% and posted a 6-week low. The dollar retreated today after US weekly jobless claims unexpectedly rose to a 7-3/4 month high, a dovish factor for Fed policy. The dollar was also pressured after US Q1 nonfarm productivity was revised lower...A hundred dollar bill being torn by Alona Siniehina via iStock