The dollar index (DXY00) today is up by +0.07%. The dollar today is slightly higher after President-elect Trump said on his first day in office he would impose an extra 10% tariff on goods from China and a 25% tariff on all products from Canada and Mexico. However, the dollar gave up most of its gains after stocks rallied, reducing liquidity demand for the dollar. US economic news was mixed for the dollar, with Nov US consumer confidence climbing to a 16-month high and Oct new home sales falling to a nearly 2-year low.
The US Sep S&P CoreLogic composite-20 home price index eased to 4.57% y/y from +5.21% y/y in Aug, weaker than expectations of +4.70% and the smallest year-on-year increase in a year.
