The dollar index (DXY00) today is down slightly by -0.02%. The dollar today gave up overnight gains and turned slightly lower as the euro strengthened after French political risks eased. The dollar today initially moved higher as higher T-note yields strengthened the dollar’s interest rate differentials. The dollar also found support in today’s US economic news, which showed that the Jun Empire manufacturing survey general business conditions index rose more than expected to a 4-month high.
The US Jun Empire manufacturing survey general business conditions index rose +9.6 to a 4-month high of -6.0, stronger than expectations of -10.0.
