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Barchart
Barchart
Rich Asplund

Dollar Rallies as Weak Stocks Spur Liquidity Demand for the Dollar

BOJ United States ECB Euro Gold Keven Warsh Seiji Adachi BOJ Board British Pound silver

The dollar index (DXY00) today is up by +0.55% at a 1-week high.  Today's slide in stocks has boosted some liquidity demand for the dollar.  Also, weakness in the euro and the British pound is bullish for the dollar after the currencies fell to 1-week lows.  Today's US economic news was mixed for the dollar, and the decline in T-note yields is negative for the dollar.

The US Feb Empire manufacturing general business conditions survey fell -0.6 to 7.1, a smaller decline than expectations of 6.2.

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