John Mccrank
4 minute read
A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration
The dollar dipped on Thursday, hitting its lowest point in three days, as global market risk appetite improved and traders looked forward to the April jobs report due on Friday for direction.
The number of Americans filing new claims for unemployment benefits fell below 500,000 last week for the first since the COVID-19 pandemic started more than a year ago, data showed, signalling the labor market recovery entered a new phase amid a booming economy. read more
The Dow Jones Industrial Average (.DJI) hit a record high, with financials and industrials rising following the jobless claims report. read more
The dollar rose on Friday as a fresh spike in Treasury yields reignited inflation fears and sparked a sell-off in riskier assets, allowing the safe haven greenback to recoup its losses from the prior session.
The dollar rose on Friday, recovering its losses from the day before, as a spike in Treasury yields early in the European session triggered a risk-off move in global currency markets, with riskier currencies taking a hit. Market participants have grown wary in recent weeks that there could be a spike in inflation caused by .
<div class="at-above-post addthis tool" data-url="https://www.metro.us/dollar-gains-riskier-currencies/"></div>LONDON (Reuters) – The dollar rose on Friday, recovering its losses from the day before, as a spike in Treasury yields early in the European session triggered a risk-off move in global currency markets, with riskier currencies taking a hit. Market participants have grown wary in recent weeks that there could be a spike in […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/dollar-gains-riskier-currencies/"></div><! Add