Treasury Yields, Dollar Weaken Ahead of U.S. Manufacturing Data
The WSJ Dollar Index is slightly down as the greenback weakens around 0.3% versus the euro and the pound and 0.2% against the yen. 1026 GMT – The dollar could fall modestly once liquidity is fully re-established following the Christmas trading period but any decline won’t be sustained, ING analyst Francesco Pesole says in a note. U.S. President-elect Donald Trump’s policy mix of proposed trade tariffs and fiscal stimulus should trigger further dollar strengthening, he says.