
The dollar index (DXY00) today is up by +0.02%. The dollar is little changed today, awaiting fresh news on US-Iran peace talks. The dollar found some support today from hawkish comments from Cleveland Fed President Beth Hammack, who said her baseline is that the Fed is on hold for a "good while." Today's US economic news was mixed for the dollar after the Apr Empire manufacturing survey general business conditions rose more than expected to a 5-month high, but the Apr NAHB housing market index fell more than expected to a 7-month low.
Gains in the dollar are limited today as geopolitical tensions ease after the AP reported that the US and Iran had reached an "in principle agreement" to extend the ceasefire to allow more time for diplomacy.