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Why the US dollar is falling today

The US dollar is at the lows of the day in broad selling that's helping to lift risk assets.Some of the help has come from softer pricing data in the ISM report and via unit labor costs but that's balanced out by very strong ADP jobs numbers. Yet the dollar is down and falling further, particularly against the pound and commodity currencies.I think much of this is a result of the big shift yesterday triggered by comments from FOMC members Jefferson and Harker, who both talked about skipping a ra... Read More

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Dollar

Falling

Today

Forex

Posted: Jun 1 2023, 15:25

Author Name: forexlive

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