The dollar index (DXY00) on Tuesday rose by +0.08%. The dollar posted modest gains on Tuesday after US Nov retail sales rose more than expected. Also, the weakness in stocks Tuesday boosted liquidity demand for the dollar. Gains in the dollar were limited after US Nov manufacturing production rose less than expected and after T-note yields gave up an early advance and turned lower.
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.
