- The US Dollar gaps opened on Thursday after a big miss on the Richmond Manufacturing Index.
- Equity markets are steady while US bond markets are seeing substantial buying.
- The US Dollar Index breaks lower and is on its way to test 100.
The US Dollar (USD) is on the chopping block this Thursday. The US Dollar Index (DXY) is gapping open this Thursday morning in Asia with heavy buying in the US bond market. The Greenback faces further substantial devaluation with US yields dropping like a stone, which eats into the worth or return in yield when investing in the US Dollar against a few months ago when yields were substantially higher across the yield curve in different maturities.
On the economic front, the Jobless Claims data will be in the spotlight and might move the needle. Although a strong number might…
