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Rich Asplund

INSANE: Dollar erases early gains as the euro rebounds on hawkish ecb comments - The Real Truth

ECB Euro Nagel Bundesbank Governing Council BOJ United States

The dollar index (DXY00) Monday fell by -0.09%.  The dollar Monday gave up an early advance and posted modest losses after hawkish comments from ECB Governing Council member and Bundesbank President Nagel pushed the euro higher.  Lower T-note yields Monday also weighed on the dollar.

The dollar Monday initially moved higher after the stronger-than-expected U.S. July Empire manufacturing survey. The Chinese yuan was undercut by weaker-than-expected Chinese Q2 GDP and June retail sales reports.

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