Dollar's Falls Capped by U.S. Equity Market Gains

Dow Jones
08/14

1127 GMT - The trimming of U.S. interest-rate rise expectations has failed to trigger another significant leg lower for the dollar after its recent selloff, MUFG Bank's Lee Hardman says in a note. "The price action suggests that the dollar could be deriving support from inflows into the U.S. equity market, in particular AI-related stocks." The DXY dollar index falls 0.2% to 99.729 but remains above the 200-day moving average of 99.200. The index reached a seven-week low of 99.418 on August 3 when the U.S. and Japan confirmed a joint intervention to strengthen the yen.

 

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