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Barchart
Barchart
Rich Asplund

Dollar Slightly Higher on Potential US Tariffs on China

The dollar index (DXY00) Wednesday rose by +0.09% after recovering from a 3-week low.  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 Wednesday weighed on the euro to the benefit of the dollar.  Wednesday's stock rally curbed liquidity demand for the dollar and limited the dollar's gains.

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

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