Dollar Gains on Weak Stocks

Dollar Gains on Weak Stocks Rich Asplund Mon, August 24, 2026 at 10:32 AM EDT 4 min read DX-Y.NYB CL=F The dollar index (DXY00) is up by +0.17% today. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, today's report on the July Chicago Fed national activity index was stronger than expected, supportive of the dollar. Gains in the dollar are limited by today's report from CNBC that said the Treasury could use the Treasury General Account, which had a balance of $935 billion on August 20, to fund expanded buybacks of higher-yielding, older government securities. Also, today's decline in WTI crude oil by more than -1% lowers inflation expectations and is dovish for Fed policy. The US July Chicago Fed national activity index fell -0.14 to -0.08, slightly stronger than expectations of -0.09. More News from Barchart Why This Week Looks to Be Fun STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada Dollar Moves Higher as US Ramps Up Pressure on Iran Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Markets await a press conference later today from US Treasury Secretary Bessent, who will detail plans to isolate Iran's economy. Mr. Bessent told the Financial Times that "The world should realize that our objective is to sever every economic lifeline that sustains the tyrannical regime until Iran stands alone." Iran's secretary of the Supreme National…