The dollar index (DXY00) rose by +0.22% on Monday. The dollar gained on Monday on safe-haven demand after US Treasury Secretary Bessent unveiled US plans to isolate Iran's economy. The weakness in stocks on Monday also boosted liquidity demand for the dollar.
Gains in the dollar were limited by Monday's report from CNBC that said the Treasury could use the Treasury General Account, which had a balance of $935 billion on August 20, to fund expanded buybacks of higher-yielding, older government securities. Also, Monday's decline in WTI crude oil by more than -2% lowered inflation expectations and is dovish for Fed policy.
Why This Week Looks to Be Fun
Dollar Gains on Weak Stocks
STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada
#Monday #demand #bessent
Gains in the dollar were limited by Monday's report from CNBC that said the Treasury could use the Treasury General Account, which had a balance of $935 billion on August 20, to fund expanded buybacks of higher-yielding, older government securities. Also, Monday's decline in WTI crude oil by more than -2% lowered inflation expectations and is dovish for Fed policy.
Why This Week Looks to Be Fun
Dollar Gains on Weak Stocks
STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada
#Monday #demand #bessent
2 months ago
