The dollar index (DXY00) Thursday rose by +0.07%. Bullish factors included generally strong U.S. economic news and safe-haven demand with the sharp sell-off in stocks. The dollar was undercut by a sharp -11 bp decline in the 10-year T-note yield and reduced expectations for Fed tightening.
U.S. Q3 GDP rose +4.9% (q/q annualized), stronger than expectations of +4.5%. The Q4 GDP price index rose +3.5%, stronger than expectations of +2.7%, but the core price index rose by +2.4%, slightly weaker than expectations of +2.5%.
