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Barchart
Rich Asplund

Dollar Gains as Fed Rate Cut Chances Slip

US Federal Reserve Donald Trump Interest Rates United States Gold

The dollar index (DXY00) today is up by +0.15%.  The dollar has carryover support on concern that last week's CPI and PPI reports showed an acceleration of prices that could keep the Fed from cutting interest rates at next month's FOMC meeting.  The dollar fell back from its best level after today's news showed the Aug NAHB housing market index unexpectedly declined.

The US Aug NAHB housing market index unexpectedly fell -1 to 32, weaker than expectations of an increase to 34.

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