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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Dollar weighed down by lower bond yields and stronger stocks | Vintage Vibes

ECB Guindos Stournaras Japan BOJ

The dollar index (DXY00) today is down by -0.10% and dropped to a 2-1/2 week low. Today’s decline in T-note yields is weighing on the dollar.  Also, strength in stocks today has reduced liquidity demand for the dollar. 

The markets are discounting the chances at 66% for a -25 bp rate cut at the December 17-18 FOMC meeting.

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