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Barchart
Barchart
Rich Asplund

Dollar Posts Modest Gains as Stocks Retreat

Holzmann ECB Euro ECB Governing Council silver United States

The dollar index (DXY00) Monday rose by +0.09%.  The dollar recovered from overnight losses Monday and climbed to a 1-week high as the slump in equity prices boosted liquidity demand for the dollar.  Gains in the dollar were limited on Monday due to lower T-note yields.  Also, Monday’s decline in the Dec MNI Chicago PMI to a 7-month low was bearish for the dollar.

US Nov pending home sales rose +2.2% m/m, stronger than expectations of +0.8% m/m.

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