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Barchart
Barchart
Rich Asplund

BIZARRE: Dollar slips along with t note yields - What They Never Told You

United States Euro eurozone Gold

The dollar index (DXY00) on Tuesday fell by -0.19% and posted a 2-week low on a decline in T-note yields.  Also, strength in the euro Tuesday undercut the dollar as strong Eurozone economic news pushed EUR/USD up to a 2-week high.  The dollar extended its losses after Tuesday’s economic news showed that U.S. Jan leading indicators fell more than expected.  Losses in the dollar on Tuesday were limited as weakness in stocks boosted some liquidity demand for the dollar.

U.S. Jan leading indicators fell -0.4% m/m, weaker than expectations of -0.3% m/m and the fifteenth consecutive month that leading indicators have declined.

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