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Barchart
Barchart
Rich Asplund

Dollar Sees Support From Higher T-note Yields

The dollar index (DXY00) this morning posted a 1-1/2 week high and is slightly higher.  Strength in T-note yields today is supporting the dollar as the 10-year T-note yield climbed to a 3-week high.  Also, today’s US economic news supported the dollar after the NAHB housing market index unexpectedly rose to an 8-month high.  Gains in the dollar are limited as a sharp rally in stocks today is curbing liquidity demand for the dollar. 

The US Mar NAHB housing market index unexpectedly rose +3 to an 8-month high of 51, stronger than expectations of no change at 48.

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