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Barchart
Barchart
Rich Asplund

Dollar Pushes Higher as Bond Yields Rise

The dollar index (DXY00) on Friday rose by +0.15%.  The dollar moved higher on Friday due to weakness in the euro and yen, which both fell to 1.5-week lows against the dollar.  Also, higher T-note yields on Friday strengthened the dollar's interest rate differentials.  Strength in stocks on Friday curbed liquidity demand for the dollar and capped its gains. 

The US Dec S&P manufacturing PMI was kept unrevised at 51.8, right on expectations.

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