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Barchart
Barchart
Rich Asplund

Dollar Weakens as Stocks Rally

The dollar index (DXY00) Monday fell by -0.14%.  Strength in stocks on Monday curbed liquidity demand for the dollar.  Losses in the dollar were contained after T-note yields moved higher and strengthened the dollar’s interest rate differentials.  Monday’s US economic news was mixed for the dollar as a gauge of manufacturing activity was weaker than expected, but a gauge of services activity expanded more than expected. 

The US Dec Empire manufacturing survey of general business conditions fell -31.0 to 0.2, weaker than expectations of 10.0.

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