The dollar index (DXY00 ) Wednesday rose by +0.47%. Higher T-note yields Wednesday and weakness in stocks supported moderate gains in the dollar. Also, weakness in EUR/USD benefitted the dollar on dovish comments from ECB Vice President Guindos, who said he expects the ECB to continue lowering interest rates. Hawkish...Image by Karolina Kaboompics via Pexels
Dollar Supported by Weak Stocks and Higher T-Note Yields
Written on 11/21/2024