The dollar index (DXY00) today is up by +0.25% on strength in T-note yields. Gains in the dollar accelerated after the euro fell when ECB President Lagarde said risks to the economic outlook are tilted to the downside.
Today’s US economic news was mixed for the dollar. Weekly jobless claims rose more than expected, a dovish factor for Fed policy, while the July Philadelphia Fed business outlook survey rose more than expected, a hawkish factor for Fed policy.
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