
The dollar index (DXY00) today is down slightly by -0.07%. Strength in the British pound (^GBPUSD) is weighing on the dollar as GBP/USD rallied to a 2-1/3 year high today. However, higher T-note yields today are limiting losses in the dollar. Also, heightened geopolitical risks in the Middle East support safe-haven demand for the dollar. Today’s US economic news was mixed for the dollar.
June SP CoreLogic US composite-20 home price index growth eased to a 6-month low of +6.47% y/y from +6.88% y/y in May but was stronger than expectations of +6.14% y/y.