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Barchart
Barchart
Rich Asplund

Dollar Falls Back as Chinese Stimulus Measures Boost the Yuan

The dollar index (DXY00) Tuesday fell by -0.43%.  The dollar came under pressure Tuesday after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses Tuesday after the Conference Board’s US Sep consumer confidence index unexpectedly declined.  Strength in stocks Tuesday also reduced liquidity demand for the dollar.

The US Jul S&P CoreLogic composite-20 home price index eased to +5.92% y/y from +6.54% y/y in June, the smallest pace of increase in 8 months. 

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