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Barchart
Rich Asplund

Dollar Finds Support from Higher Bond Yields

Bostic Schnabel China Atlanta Fed ECB ECB Executive Board silver BOJ United States

The dollar index (DXY00) today is up by +0.12%.  Higher T-note yields today are supportive of the dollar.  The dollar also garnered some support today from mixed economic news from China, which showed that China’s ongoing housing crisis is undercutting consumer spending.  The dollar fell back from its best levels today after US Apr leading indicators fell by the most in 6 months.  Also, dovish comments from Atlanta Fed President Bostic are limiting the upside in the dollar.

US Apr leading indicators fell -0.6% m/m, weaker than expectations of -0.3% m/m and the biggest decline in 6 months.

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