The Return Of ‘Good News Is Bad News’

The Return Of ‘Good News Is Bad News’

The dollar rose Wednesday, extending recent gains following a hodgepodge of US economic data including the lowest read on initial jobless claims in more than 50 years. Although the claims surprise was written off to the seasonal adjustment component, the greenback's ongoing surge is worth monitoring given the read-through for financial conditions and risk assets. The Bloomberg dollar index touched the highest since July of 2020. It's up 2% in November. Separate data out Wednesday morning show
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