The dollar index (DXY00) today is up by +0.03%. The dollar today is posting modest gains after US Nov retail sales rose more than expected. Also, today’s jump in the 10-year T-note yield to a 3-1/2 week high has strengthened the dollar’s interest rate differentials. In addition, the weakness in stocks today has boosted liquidity demand for the dollar. Gains in the dollar were limited after US Nov manufacturing production rose less than expected.
US Nov retail sales rose +0.7% m/m, stronger than expectations of +0.6% m/m. Nov retail sales ex-autos rose +0.2% m/m, weaker than expectations of +0.4% m/m.
