
The dollar index (DXY00) Wednesday rose by +0.23%. Higher T-note yields Wednesday supported moderate gains in the dollar. Also, weakness in the yen is giving the dollar a boost after the yen tumbled more than -1% Wednesday on dovish comments from BOJ Deputy Governor Uchida, who said the BOJ won’t raise interest rates further when financial markets are in turmoil. A swoon in stocks Wednesday afternoon boosted some liquidity demand for the dollar.
US Jul consumer credit rose +$8.934 billion, weaker than expectations of +$10.000 billion.