The Recent Stock Rally Is Boosting the Dollar
The string of seven days of stock market advances is helping the dollar stabilize after a period of declines.
The dollar index, a measure of the greenback against a basket of peers, added 0.4% Thursday to 99.82. It briefly topped 100 for the first time in two weeks earlier.
Analysts at ING led by Frantisek Taborsky noted that stocks recovering from losses after the April 2 announcement of tariffs, signs that China is open to trade talks, and the Ukraine minerals deal are all bolstering sentiment today.