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Barchart
Barchart
Rich Asplund

Dollar Rises Slightly as Political Factors Continue to Buffet the FX Markets

The dollar index (DXY00) on Tuesday rose slightly by +0.14% as US political factors continued to buffet the FX markets.  Bearish factors for the dollar include Tuesday’s -1.0 bp decline in the 10-year T-note yield and the weaker-than-expected US economic reports.

June US existing home sales fell -5.4% to 3.89 million, weaker than market expectations for a -3.2% drop to 3.98 million.  Home sales continue to be undercut by high mortgage rates and high home prices.

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