
The dollar index (DXY00) Tuesday rose by +0.33%. The dollar on Tuesday rose moderately as comments from several Fed officials dampened speculation the Fed was finished tightening monetary policy. A decline in T-note yields Tuesday limited gains in the dollar.
U.S. economic news Tuesday was bearish for the dollar. The Sep trade deficit increased to -$61.5 billion from -$58.7 billion in Aug, wider than expectations of -$59.8 billion. Also, Sep consumer credit rose +$9.057 billion, weaker than expectations of +$9.500 billion.