Learn more

The dollar index (DXY00) Thursday rose by +0.47%. The dollar posted moderate gains Thursday after bond yields rose on hawkish comments from Kansas City Fed President Schmid who said he wants to see more economic data before supporting any decision to begin cutting interest rates. Also, short covering ahead of Fed Chair Powell’s comments at the Fed’s annual symposium at Jackson Hole, Wyoming on Friday supported the dollar. The dollar remained higher after weekly US continuing unemployment claims rose less than expected, signaling a stronger labor market that is hawkish for Fed policy. However, …

cuu