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Barchart
Barchart
Rich Asplund

Dollar Rallies on Higher T-note Yields

United States ECB BOJ

The dollar index (DXY00) on Monday rose by +0.44%, recovering some ground after last Friday's -0.73% decline.

The dollar on Monday saw support from improved US interest rate differentials, with the 10-year T-note yield rising +6 bp.  The dollar also saw support after Congress last Friday passed a stop-gap funding bill and averted a US government shutdown, which would have been negative for the US economy. 

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