The dollar index (DXY00) on Monday fell by -0.14%. The dollar on Monday was under pressure from lower T-note yields. Also, strength in stocks on Monday curbed liquidity demand for the dollar. Losses in the dollar were contained after Monday’s U.S consumer credit report for November, which was stronger than expected, and after Atlanta Fed President Bostic said the Fed "is in a restrictive stance, and he’s comfortable with that.”
U.S. Nov consumer credit rose +$23.751 billion, stronger than expectations of +$8.550 billion and the most in a year.
