The dollar index (DXY00) today is down by -0.02%. The dollar is slightly lower today amid concerns that President Trump will impose higher tariffs on several European countries if they don’t allow him to acquire Greenland. The dollar remained lower after the US Dec pending home sales posted their biggest decline in 5.5 years. However, the dollar recovered most of its losses after President Trump backed away from harsh rhetoric about acquiring Greenland and said he doesn’t want to use excessive force to get it.
US Dec pending home sales fell -9.3% m/m, weaker than expectations of -0.3% m/m and the biggest decline in 5.5 years.
