The dollar index (DXY00) today is down by -0.09%. The dollar today is moderately lower on reduced safe-haven demand as stocks rallied sharply on improved prospects for passage of a US spending bill that will avert a government shutdown. Also, the euro's strength weighed on the dollar after a report said Germany's political parties agreed on a debt package. The dollar recovered most of its losses after the University of Michigan US March inflation expectations unexpectedly increased, a hawkish factor for Fed policy.
The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of 63.0.
