The dollar index (DXY00) Tuesday finished up by +0.29% due to strength in T-note yields. Also, reduced expectations of aggressive Fed rate cuts boosted the dollar on positive carryover from Monday when Chicago Fed President Goolsbee said last month's job numbers "came in weaker than expected but are not looking yet like a recession."
US trade news Tuesday was bearish for the dollar after the US June trade deficit shrank to -$73.1 billion from a revised -$75.1 billion in May, a larger deficit than expectations of -$72.5 billion.
