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Barchart
Barchart
Rich Asplund

Dollar Gains as Bond Yields Climb on Hawkish Fed Governor Bowman

The dollar index (DXY00) today is up by +0.24%.  Hawkish comments today from Fed Governor Bowman boosted the dollar when she said she sees a number of upside risks to the inflation outlook, and "we are still not yet at the point where it is appropriate to lower the policy rate."  Also, stronger-than-expected US home price and consumer confidence reports were hawkish for Fed policy and bullish for the dollar.

The Conference Board US June consumer confidence index fell -0.9 to 100.4, slightly stronger than expectations of 100.0.

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