
The dollar index (DXY00) today is up by +0.10%. The dollar is climbing today on reduced global trade tensions after the US agreed to a trade deal with Japan. Strength in T-note yields today has also improved the dollar's interest rate differentials. Gains in the dollar are limited after US existing home sales fell more than expected to a 9-month low.
US June existing home sales fell -2.7% m/m to a 9-month low of 3.93 million, weaker than expectations of -0.7% to 4.00 million.