The dollar index (DXY00) is up by +0.19% today. The dollar is climbing today amid higher T-note yields, which strengthened the dollar’s interest rate differentials. Dollar gains are limited 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 today.
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.