The dollar index is attempting recovery on Thursday morning in Asia after plunging to over a one-month low. Growing optimism of a Federal rate cut in December is keeping the greenback week. ADP data yesterday showed US private payrolls fell by 32,000 jobs in November, following the 47,000 increase and weaker than the market expectation of a 5,000 growth, weighing on the greenback. Going forward, US weekly Initial Jobless Claims data which is scheduled for release later on Thursday will be eyed. The dollar index that measures the greenback against a basket of currency is quoting at 98.93, up 0.14% on the day.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app