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Barchart
Barchart
Rich Asplund

Strength in Stocks Weighs on the Dollar and Gold

The dollar index (DXY00) on Monday fell by -0.64%.  Monday’s stock rebound has diminished liquidity demand for the dollar.  The dollar added to its losses on Monday after T-note yields fell, weakening the dollar’s interest rate differentials.

Monday’s US economic news was mixed for the dollar after the Feb Empire manufacturing index fell more than expected, but Feb manufacturing production and the Mar NAHB housing market index rose more than expected. 

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