The dollar index (DXY00) on Monday fell by -0.16%. The dollar Monday gave up early gains and turned lower on strength in stocks, which curbed liquidity demand for the dollar. Also, the strength of the euro on Monday weighed on the dollar. The dollar on Monday initially moved higher on carryover support from last Friday’s stronger-than-expected US March payroll report of +303,000, which dampened expectations for Fed rate cuts. Also, higher T-note yields support the dollar as the 10-year T-note yield Monday climbed to a 4-1/2 month high. The markets are discounting the chances for a -25 bp rate …