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Dollar Pressured by Rising Stocks

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The dollar index fell 0.14% after giving up overnight gains as U.S. T-note yields declined. The yield drop followed the weekly ADP employment report, which showed the fewest new jobs added in five weeks and is seen as a dovish signal for Fed policy, reducing dollar support.

Analysis

The dollar index fell 0.14% after giving up overnight gains as U.S. T-note yields declined. The yield drop followed the weekly ADP employment report, which showed the fewest new jobs added in five weeks and is seen as a dovish signal for Fed policy, reducing dollar support.

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