US Dollar resumes its downside, bears eye December lows

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• DXY Index plunged towards the 101.90 area, posting 0.40% daily losses.
• Gross Domestic Product of the United States expanded at an annual rate of 4.9% in Q3, revised from 5.2%
• US Jobless Claims accelerated in the second week of December.

The US Dollar (USD) measured by the DXY index plunged to 101.90 and nears December lows struck last week, steered by the downward revisions in US Gross Domestic Product (GDP) from Q3. Negative Jobless Claims and Philadelphia’s Fed manufacturing conditions figures also added to the downturn.