
The dollar index (DXY00) on Tuesday rose by +0.12%. The dollar saw support from stronger-than-expected U.S. manufacturing production and NAHB housing reports, which pushed T-note yields higher. In addition, hawkish Fed comments Tuesday from Chicago Fed President Goolsbee and Richmond Fed President Barkin gave the dollar a boost.
Weakness in the Chinese yuan was supportive for the dollar after weaker-than-expected Chinese economic news knocked the yuan down to a 2-month low Tuesday against the dollar.