Dollar Pressured by Dovish US Economic Reports
Yahoo Finance·2025-12-16 23:34
The dollar index (DXY00) today is down by -0.28% and slid to a 2.25-month low. The dollar is under pressure from today's Fed-friendly US economic reports on Nov payrolls, Oct retail sales, and Dec S&P manufacturing activity that bolster the outlook for the Fed to keep easing monetary policy. The dollar is also under pressure as the Fed boosts liquidity in the financial system and began purchasing $40 billion a month in T-bills effective last Friday. Finally, the dollar is also being undercut by concern ...