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Barchart
Barchart
Rich Asplund

Dollar Strengthens with T-Note Yields

The dollar index (DXY00) rose by +0.07% on Friday. The dollar found support Friday from higher T-note yields, which strengthened the dollar’s interest rate differentials. Dollar gains were limited, however, after the University of Michigan US Oct consumer sentiment index fell more than expected to a 5-month low. Also, a stronger Chinese yuan weighed on the dollar after it climbed to a 4-year high against the dollar on Friday.

The University of Michigan US Oct consumer sentiment index fell -1.8 to a 5-month low of 46.3, weaker than expectations of 47.6.

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