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Barchart
Barchart
Rich Asplund

Dollar Recovers as Trump Threatens Tariffs on China

The dollar index (DXY00) today is up by +0.11%.  The dollar today recovered from a 3-week low and is mildly higher. The dollar recovered early losses after President Trump said that he is considering a 10% tariff on all Chinese goods in retaliation for the flow of fentanyl from the country.  Also, dovish ECB comments today weighed on the euro to the benefit of the dollar.  Today's stock rally has curbed liquidity demand for the dollar and is limiting the dollar's gains.

US Dec leading indicators fell -0.1% m/m, right on expectations. 

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