The world’s reserve currency, as measured by the DXY index, is down 1.1% this morning after the latest payrolls report showed that the job market has lost steam over the last three months.
Today’s decline leaves the dollar up 1.2% for the week, now on pace for its best weekly performance since Nov. 15, 2024, according to Dow Jones Market Data. As of yesterday’s close, the dollar was up 2.4%, on pace for its best weekly performance since late 2022.