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Barchart
Barchart
Rich Asplund

Dollar Under Pressure from Strength in Stocks

Muller United States ECB Suzuki ECB Governing Council

The dollar index (DXY00) this morning is down by -0.10%.  Strength in stocks today has curbed liquidity demand for the dollar.  Today’s US economic news was mixed for the dollar after capital goods orders rose more than expected, but consumer confidence unexpectedly declined.

US Feb capital goods new orders nondefense ex-aircraft and parts rose +0.7% m/m, stronger than expectations of +0.1% m/m.

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