The US Dollar index which measures the greenback’s strength against a trade-weighted basket of six major currencies moved within a fairly tight range on Thursday. Following its dramatic drop in the session prior the DXY moved between levels of 96.63 and 97.01. Macroeconomic releases yesterday didn’t help either with US Core PCE Price Index coming in below expectations for the month of October as well as an unexpected rise in unemployment claims.
Us equities trading up, the Dow Jones up around 0.20% to 25,417.75 while the NASDAQ climbed 0.18 percent to 7,304.95. On the commodity front, oil was up at $52.00 a barrel but the metals – gold, silver and copper all lost ground.
Looking ahead, FOMC member William will be speaking at the 80th Plenary Meeting of the Group of Thirty, in New York and we also see the release of Chicago PMI.