The dollar index (DXY00) climbed to a 3-week high today and is up by +0.19%. Higher T-note yields today are positive for the dollar as the 10-year T-note yield rose to a 2.5-week high. The dollar also has carryover support from Wednesday on hawkish comments from Fed Chair Powell, who said a rate cut at the December FOMC meeting "is not a foregone conclusion."
Reduced US-Chinese trade tension is supportive of economic growth prospects after President Trump and President Xi Jinping agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers.
