Dollar Tumbles and Gold Rallies on Improved Fed Rate Cut Chances

The dollar index (DXY00) on Tuesday fell by -0.44%.  The dollar is sliding after today’s weaker-than-expected US economic news on Sep retail sales, Sep core PPI, and weekly ADP employment bolstered the chances for a Fed rate cut at next month’s FOMC meeting.  Also, falling bond yields have weakened the dollar’s interest rate differentials after the 10-year T-note yield fell to a 3.5-week low Tuesday at 3.987%.  The dollar extended its losses after the Conference Board US Nov consumer confidence index fell ...