The dollar index (DXY00) Tuesday rose by +0.13%. Hawkish comments today from Fed Governor Bowman boosted the dollar when she said she sees a number of upside risks to the inflation outlook, and "we are still not yet at the point where it is appropriate to lower the policy rate." Also, stronger-than-expected US home prices and consumer confidence reports were hawkish for Fed policy and bullish for the dollar. The dollar fell back from its best levels Tuesday after Fed Governor Cook said it would be appropriate for the Fed to reduce interest rates "at some point."
The Conference Board US June consumer confidence index fell -0.9 to 100.4, slightly stronger than expectations of 100.0.
