
The dollar index (DXY00) on Tuesday rose by +0.06%. The dollar on Tuesday recovered from early losses and posted modest gains. Strength in quarter and month-end demand for the dollar lifted prices Tuesday. Strength in stocks Tuesday has curbed liquidity demand for the dollar. Tuesday’s US economic news was mixed for the dollar after capital goods orders rose more than expected, but consumer confidence unexpectedly declined.
US Feb capital goods new orders nondefense ex-aircraft and parts rose +0.7% m/m, stronger than expectations of +0.1% m/m.