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Barchart
Barchart
Rich Asplund

Dollar Slightly Lower as Bond Yields Fall and Stocks Climb

The dollar index (DXY00) today is down by -0.06%.  The dollar is under pressure today from lower T-note yields. Also, the strength in stocks today has reduced liquidity demand for the dollar.  Losses in the dollar were limited today after US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose more than expected and after the University of Michigan US Oct consumer sentiment index was revised upward to a 6-month high.

US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +0.5% m/m, stronger than expectations of +0.1% m/m.

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