Dollar Gains as China Trade Tensions Ease

The dollar index (DXY00) on Monday rose by +0.27%.  The dollar moved higher on Monday after the Trump administration signaled an openness to a trade deal with China, dampening trade tensions. However, Monday's sharp rebound in stocks limited demand for the dollar in terms of liquidity.  Also, dovish comments from Philadelphia Fed President Anna Paulson were bearish for the dollar when she said she favors two more quarter-point interest rate cuts this year. The ongoing shutdown of the US government is bear ...