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Macro

ICE Dollar Index Falls 0.61% to 101.642 in New York Late Trading

The ICE U.S. Dollar Index fell 0.61% to a session low of 101.642 in late New York trading on Monday, Nov. 9, extending a decline that began in Asian trading and erasing more than half of Friday’s nonfarm-payrolls-driven gain. The Bloomberg Dollar Spot Index dropped 0.51% to 1,221.38, trading between 1,226.95 and 1,221.13 during the day.

Original source

AI take

The dollar giving back more than half of Friday's payrolls-driven rally within a single session suggests the market treated that move as positioning rather than conviction, and the decline carrying from Asia into late New York points to persistent selling rather than a brief squeeze. This matters most for dollar-sensitive assets across crypto and tokenized real-world assets, where a softer greenback often loosens the liquidity backdrop. Whether the pullback extends past the week or stalls near the session low is the open question worth watching.

Generated by AI for reference only.

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