
The dollar index (DXY00) on Tuesday rose by +0.37% and posted a 3-month high. Tuesday's slump in equity markets has boosted liquidity demand for the dollar. The dollar also had carry-over support from Fed Chair Powell's warning last week that another rate cut in December is not a foregone conclusion.
Bearish factors for the dollar include lower T-note yields on Tuesday and the weaker-than-expected report on US Oct Wards total vehicle sales.