
The dollar index (DXY00) Wednesday rose by +0.38%. The dollar on Wednesday added to Tuesday's gains on positive carryover from President Trump's action over the past weekend to extend the deadline for a 50% tariff on US importers of EU goods by about 5 weeks to July 9 from June 1.
The dollar also had support Wednesday from higher T-note yields. Gains in the dollar accelerated Wednesday afternoon when the minutes of the May 6-7 FOMC meeting showed policymakers supported keeping interest rates on hold.