The dollar index (DXY00) Wednesday fell by -0.32%. The dollar fell back Wednesday on lower T-note yields. The dollar was weighed down by Wednesday’s weaker-than-expected U.S. Jun new home sales report. The dollar sank to its low Wednesday afternoon when Fed Chair Powell said the Fed would remain data-dependent on future rate moves, leaving open the possibility of a pause at the September FOMC meeting.
U.S. Jun new home sales fell -2.5% m/m to 697,000, weaker than expectations of 725,000.
