The U.S. Dollar rallied to multi-month highs as investors rotated into safe-haven assets amid concerns over high valuations and market concentration, with tech sector disappointment, notably Palantir, weighing on risk appetite. ISM manufacturing marked an eighth straight month of contraction and delivery delays for imported goods pressured new orders, while the Bloomberg Dollar Spot Index hit its highest level since July; the Dollar is strongest versus Euro, Peso, Pound, and Canadian Dollar, with Yen the notable exception. This week’s focus includes Thursday’s ADP Employment Change at 8:15 AM and the Banxico meeting, while Canada’s Loonie slid to its weakest since April 1 on soft data and trade uncertainty, and the Euro hit early-August lows ahead of PMI, PPI, and Retail Sales prints.
