The dollar index (DXY00) fell 0.19% as a rally in the S&P 500 to a new all-time high reduced liquidity demand for the dollar. The move was also pressured by the University of Michigan's May consumer sentiment index, which fell more than expected to a record low. Overall, the article points to modest dollar weakness tied to improved risk appetite and softer U.S. data.
The dollar index (DXY00) fell 0.19% as a rally in the S&P 500 to a new all-time high reduced liquidity demand for the dollar. The move was also pressured by the University of Michigan's May consumer sentiment index, which fell more than expected to a record low. Overall, the article points to modest dollar weakness tied to improved risk appetite and softer U.S. data.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
