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Barchart
Barchart
Rich Asplund

Dollar Declines as President Trump Signals He May End Iran War

The dollar index (DXY00) fell from a 10.5-month high today and is down by -0.43%.  The dollar retreated today after President Trump signaled he is willing to end the war in Iran.  Also, today’s stock rally has curbed liquidity demand for the dollar.  In addition, lower T-note yields today have weakened the dollar's interest-rate differentials.  Today’s US economic news was mixed for the dollar after Feb JOLTS job openings and the Mar MNI Chicago PMI fell more than expected, but the Mar consumer confidence index unexpectedly rose

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

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