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Barchart
Barchart
Rich Asplund

Dollar Supported by Euro and Yen Weakness

Ueda BOJ Euro United States University of Michigan Gold

The dollar index (DXY00) today is up by +0.22%.  The dollar today is moderately higher due to weakness in the euro and yen.  EUR/USD is under pressure today ahead of German elections this weekend.  The yen is sliding today based on comments from BOJ Governor Ueda, who said the BOJ would boost its government bond purchases if long-term government bond yields rose too quickly.

The dollar fell back from its best level today after the University of Michigan US Feb consumer sentiment index was revised lower to a 15-month low, and after Jan existing home sales fell more than expected.

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