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Rich Asplund

EXPLAINED: Dollar tumbles with t note yields | Rare Historical Photos

BOJ US Federal Reserve Interest Rates ECB Euro Richmond Fed

The dollar index (DXY00) on Wednesday fell by -0.51% and posted a 5-month low. The dollar Wednesday was under pressure from lower T-note yields.  Also, expectations for the Fed to begin cutting interest rates in 2024 are weighing on the dollar. 

U.S. economic news Wednesday showed weakness and was bearish for the dollar.  The Dec Richmond Fed manufacturing sentiment index unexpectedly fell -6 to an 8-month low of -11, weaker than expectations of an increase to -3.

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