
The dollar index (DXY00) on Monday rose by +0.04% and posted modest gains. The as-expected increase in the U.S. Dec NAHB housing market index report Monday and higher T-note yields were supportive factors for the dollar. Gains in the dollar on Monday were muted as stocks rallied, which curbed liquidity demand for the dollar.
Monday’s U.S. economic news was right on expectations and supportive of the dollar. The Dec NAHB housing market index rose +3 to 37, right on expectations.