The dollar index (DXY00) Friday rose by +0.16%. The dollar Friday recovered from a 15-month low and posted modest gains. Hawkish comments from Fed Governor Waller Thursday night pushed bond yields higher and sparked some short covering in the dollar. Gains in the dollar accelerated after the University of Michigan’s U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high.
The U.S. June import price index ex-petroleum fell -0.3% m/m, a bigger decline than expectations of -0.2% m/m, which was dovish for Fed policy and slightly bearish for the dollar.
