The dollar index (DXY00) is down -0.37% today on weak US economic news and ongoing tariff concerns. The dollar is also lower as the 10-year T-note yield fell sharply by -10 bp today, weakening the dollar’s interest rate differentials.
Today’s Feb Conference Board US consumer confidence index fell sharply by -7.0 points to an 8-month low of 98.3, which was much weaker than expectations for a decline to 102.5. The -7.0 point drop was the largest drop in 2-1/2 years and was the third consecutive monthly decline.
