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Barchart
Barchart
Rich Asplund

Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures

The dollar index (DXY00) today is down by -0.25%.  The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the Conference Board’s US Sep consumer confidence index unexpectedly declined.  Hawkish comments today from Fed Governor Bowman limited losses in the dollar. 

The US Jul S&P CoreLogic composite-20 home price index eased to +5.92% y/y from +6.54% y/y in June, the smallest pace of increase in 8 months. 

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