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Barchart
Barchart
Rich Asplund

Dollar Recovers Early Losses as Bond Yields Rise

The dollar index (DXY00) Friday rose +0.03% but remained below Thursday’s 5-3/4 month high.  The dollar on Friday recovered from early losses after T-note yields moved higher after being lower most of the session.  Also, pessimism in China’s economic outlook prompted the yuan to fall to a 15-year low against the dollar.

Friday’s U.S. economic news was bearish for the dollar after Jul consumer credit rose +$10.399 billion, weaker than expectations of +$16.000 billion.

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