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Barchart
Barchart
Rich Asplund

Dollar Falls with Bond Yields

The dollar index (DXY00) today is down by -0.67%.  Strength in the euro and the yen today is weighing on the dollar. Also, today’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. 

US Q3 GDP was unrevised at 2.8% (q/q annualized) right on expectations, although Q3 personal consumption was revised downward by -0.2 to 3.5% from 3.7%.  Also, the Q3 core PCE price index was revised downward by -0.1 to 2.1% from 2.2%.

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