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Dollar Falls vs High-Yielders as Yuan Supports Risk Assets


Thursday, 8 August 2019 23:41 WIB

DOLLAR Indeks DolarDolar AS


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The U.S. dollar fell sharply against higher-yielding currencies Thursday but rose against haven currencies as upbeat Chinese trade data and better-than-expected jobless claims went some way to restoring global risk appetite.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, rose 0.1% to 97.422 by 10:12 AM ET (14:12 GMT), after reaching an earlier high of 97.507. But that modest move disguised losses of over half a percent against units such as the Aussie and emerging currencies not in the basket, such as the Brazilian real. The dollar gained against the Swiss franc partially reversing losses over the last two days.

Meanwhile, weekly jobless claims fell, indicating that the slowdown in the U.S. economy still hasn't reached at least some parts of the labor market.

Source : Investing.com


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