The dollar is weaker against the majors, though Friday’s decline is relatively small.
The US dollar index is down by 0.3% at 101.44 as of 7:46 a.m. ET.
The two main “forces” propping up the greenback — increased US interest rates and the “anticipation that the populist-nationalist rise will be expressed shortly in Europe” — are still intact, says Marc Chandler, global head of currency strategy, at Brown Brothers Harriman.
The US stock market will be open on Friday until 1 p.m. ET., and the bond market will be open until 2 p.m. ET.
As for the rest of the world, here’s the scoreboard as of 7:34 a.m. ET:
- The Japanese yen is up by 0.4% at 112.91 per dollar. Earlier, data showed that Japan’s headline CPI reading rose to 0.1% year-over-year in October, compared to the prior reading of -0.5%. However, the “core” CPI came in at -0.4%; this figure has been in the negative for eight months.
- The euro is up by 0.4% at 1.0591 against the dollar.
- The Russian ruble is down by 0.2% at 64.5929 per dollar, while Brent crude oil, the international benchmark, is down by 1.2% at $48.41 per barrel.
- The British pound is little changed at 1.2437 against the dollar after the UK’s GDP growth came in at 0.5% in the third quarter, as expected.
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