The dollar index (DXY00) on Wednesday rose by +0.20%. The dollar added to its week-long surge on Wednesday and posted a new 13-month high. The dollar continues to benefit from carryover support from last Wednesday, when the FOMC’s hawkish stance suggested higher interest rates later this year. The dollar fell back from its best level after May’s new home sales unexpectedly fell to a 4-month low.
The US Q1 current account balance was -$225.8 billion, a larger deficit than the -$208.9 billion expected.
