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The dollar had been attempting a turnaround in the past few days, but economic data released on Thursday ruined the party.
From Dec. 4 through Dec. 9, the
U.S. Dollar Index (ticker: DXY) rose a touch, bucking a longer-term trend. The dollar has been down considerably since late March, which marked the end of a global move into the haven dollar. Around late September, investors resumed their optimism that third-quarter earnings beats, Covid-19 vaccines, and fiscal stimulus measures would boost the continuing global economic recovery. The greenback had fallen 4.2% between Sept. 25 and Dec. 3.
It was back at it again Thursday, with the U.S. Dollar Index falling as much as 0.35%.