Dollar Falls on Weak US Retail Sales and Consumer Sentiment Reports

The dollar index (DXY) is down 0.41% as weak US retail sales and consumer sentiment cut the probability of a September Fed rate hike to 29% from 35%. The 2-year Treasury yield fell 1.3 bps, reinforcing a dovish repricing of near-term interest-rate expectations.

Analysis

The dollar index (DXY) is down 0.41% as weak US retail sales and consumer sentiment cut the probability of a September Fed rate hike to 29% from 35%. The 2-year Treasury yield fell 1.3 bps, reinforcing a dovish repricing of near-term interest-rate expectations.