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Barchart
Barchart
Rich Asplund

Dollar Falls Back on Strength in the Euro

The dollar index (DXY00) this morning is down by -0.27%.  The dollar today fell back from a 4-1/2 month high and is moderately lower.  Today's strength in the euro sparked long liquidation in the dollar.  The dollar is seeing underlying support from today’s better-than-expected US factory orders and job openings reports.  Also, higher bond yields are bullish for the dollar after the 10-year T-note yield today rose to a 4-month high.   

US Feb JOLTS job openings unexpectedly rose +8,000 to 8.756 million, showing a stronger labor market than expectations of a decline to 8.730 million.

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