Dollar weaker across the board as US data remains sluggish

Rising jobless claims and sub-par growth remain the theme in the US. Along with slightly lower core personal consumption expenditures (the Fed’s favorite inflation measure), the market assumes the Fed can stay easy for a considerable period to come.

USD/JPY and USD/CHF are leading the dollar decline as US yields swing toward their range-lows. US 10-yr notes yield 3.115.

USD/CHF is at 0.8685, USD/JPY is at 81.55 after repeatedly stalling on the approach of its 100-day moving average just above 82.20.