
The dollar index (DXY00) Monday fell by -0.09%. The dollar Monday gave up an early advance and posted modest losses after hawkish comments from ECB Governing Council member and Bundesbank President Nagel pushed the euro higher. Lower T-note yields Monday also weighed on the dollar.
The dollar Monday initially moved higher after the stronger-than-expected U.S. July Empire manufacturing survey. The Chinese yuan was undercut by weaker-than-expected Chinese Q2 GDP and June retail sales reports.