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The dollar index (DXY00) on Monday rallied to a 1-1/2 week high and finished up +0.14%. Strength in T-note yields on Monday supported the dollar as the 10-year T-note yield climbed to a 3-week high. Also, Monday’s US economic news supported the dollar after the NAHB housing market index unexpectedly rose to an 8-month high. Gains in the dollar were limited as a sharp rally in stocks Monday curbed liquidity demand for the dollar. The US Mar NAHB housing market index unexpectedly rose +3 to an 8-month high of 51, stronger than expectations of no change at 48. The markets are discounting the chan…

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