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Barchart
Barchart
Rich Asplund

Dollar Firms on Higher T-note Yields

The dollar index (DXY00) on Monday rose by +0.15%.  The dollar on Monday recovered early losses and posted moderate gains on higher T-note yields. 

The Federal Reserve's Senior Loan Officer Opinion Survey reported tighter standards and weaker demand for commercial and industrial loans in Q1, which was bearish for the U.S. economy.  The proportion of U.S. banks tightening terms on loans for medium and large businesses rose to 46% from 44.8% in Q4 of 2022.  Also, the proportion of banks reporting stronger demand for commercial and industrial loans dropped by -55.6% in Q1, the sharpest decline since 2009.

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