The dollar index (DXY00) Monday rose by +0.22%. The dollar Monday recovered from early losses and rose moderately on weakness in the yen, which fell to a 3-week low against the dollar after the BOJ announced unscheduled bond purchases. A decline in T-note yields Monday limited gains in the dollar.
Monday’s U.S. economic news was mixed for the dollar. On the bullish side, the Jul Dallas Fed manufacturing outlook level of general business activity rose +3.2 to -20.0, stronger than expectations of -22.5. Conversely, the Jul MNI Chicago PMI rose +1.3 to 42.8, weaker than expectations of 43.5.
