
The dollar index (DXY00) today is up by +0.26%. The dollar today is moving higher as political uncertainty in Germany weighs on the euro after German Chancellor Scholz called for a snap election in January. The dollar extended its gains today after the University of Michigan US Nov consumer sentiment index rose more than expected to a 7-month high. Lower T-note yields today are limiting the upside in the dollar.
The University of Michigan US Nov consumer sentiment index rose +2.5 to a 7-month high of 73.0, stronger than expectations of 71.0.