Counterparts: The Dollar Spot Index

The Dollar Spot Index: The Swiss franc and the yen climbed against major counterparts as selloffs in stocks boosted haven demand. The Dollar Spot Index sank after the minutes played down Fed rate forecasts and a report last week showed slower-than-forecast growth in nonfarm jobs. U.S. inflation remained below the Feds 2 percent target in March for an eighth month, data next week is projected to show, according to Bloomberg. The Dollar Spot Index, which tracks the greenback against 10 major counterparts, fell 1 percent this week in New York to 1,006.46, the biggest drop since the five days ended Sept. 20. The gauge touched 1,004.01 on April 10, the lowest level since Oct. 30 and The dollar fell the most in more than six months after minutes of the Federal Reserve s last meeting damped speculation U.S. policy makers will accelerate interest-rate increases. If theres any nominal change toward some more hawkish votership this year, its likely to be met with some pretty stiff resistance, Michael Woolfolk , a global-markets strategist at Bank of New York Mellon in New York, said of the Fed in a phone interview. The nonfarm payroll numbers last week missed the whisper numbers -- you have to beat market expectations to keep the price momentum. (news.financializer.com). As reported in the news.