
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.