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Barchart
Rich Asplund

Dollar Slips as Stocks Rebound

United States ECB Gold US Federal Reserve

The dollar index (DXY00) today is down by -0.27%.  The dollar fell back from Thursday’s 2-year high as strength in stocks today has reduced liquidity demand for the dollar.  Losses in the dollar are limited after the US Dec ISM manufacturing index rose more than expected, a hawkish factor for Fed policy. 

The US Dec ISM manufacturing index unexpectedly rose +0.9 to a 9-month high of 49.3, stronger than expectations of a decline to 48.2.

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