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Barchart
Barchart
Rich Asplund

Dollar Gains on Euro and Stock Weakness

Euro BOJ Ueda United States University of Michigan Gold Japan

The dollar index (DXY00) Friday rose by +0.21%.  The dollar rose moderately on Friday due to weakness in the euro.  EUR/USD is under pressure ahead of German elections this weekend.  The dollar also found support on Friday’s sell-off in stocks, which boosted liquidity demand for the dollar.

The dollar fell back from its best level Friday after the University of Michigan US Feb consumer sentiment index was revised lower to a 15-month low, and after Jan existing home sales fell more than expected.

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