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The dollar index (DXY00) on Monday fell by -0.29%. The dollar on Monday posted moderate losses, weighed down by lower T-note yields. Also, Monday’s stock rally reduced liquidity demand for the dollar. In addition, strength in the yen undercut the dollar on reports that Japanese authorities intervened in the forex market Monday in support of the yen. Losses in the dollar are limited by expectations that the FOMC on Wednesday will signal the Fed will delay interest rate cuts at the conclusion of its 2-day meeting. Monday’s US economic news was bearish for the dollar after the Apr Dallas Fed manu…

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