The dollar index (DXY00) today is up by +0.14%. The dollar today recovered from overnight losses and climbed to a 1-week high as the slump in equity prices boosted liquidity demand for the dollar. Gains in the dollar are limited due to lower T-note yields today. Also, today’s decline in the Dec MNI Chicago PMI to a 7-month low was bearish for the dollar.
US Nov pending home sales rose +2.2% m/m, stronger than expectations of +0.8% m/m.
