Dollar Sees Support as T-note Yields Rise

The dollar index (DXY00 ) on Monday rose slightly by +0.07%. The main supportive factor was Monday’s +2.7 bp rise in the 10-year T-note yield, which supported the dollar’s interest rate differentials. The dollar also had carry-over support from Fed Chair Powell’s warning last week that another rate cut in...British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock