The dollar index (DXY00) on Wednesday rose by +0.65% and posted a 1.5-week high.  The dollar rose on Wednesday, with positive carryover from Tuesday, when Fed Chair Powell offered no hints on whether he would support a rate cut at next month's FOMC meeting, signaling that the Fed may be less dovish than the markets have currently priced in.  Also, hawkish comments from Chicago Fed President Austan Goolsbee supported the dollar when he said he could be less willing to support further Fed rate cuts.  The dol ...

The dollar index (DXY00) today is up by +0.63% at a 1.5-week high. The dollar is climbing today on positive carryover from Tuesday when Fed Chair Powell offered no hints on whether he would support a rate cut at next month's FOMC meeting, signaling the Fed may be less dovish than the markets have currently priced in.  Also, weakness in EUR/USD today is supportive for the dollar after a gauge of German business confidence unexpectedly declined.  The dollar extended its gains today after US Aug new home sale ...

The dollar index (DXY00) on Thursday rose by +0.50%.  The dollar moved higher Thursday on positive carryover from Wednesday when Fed Chair Powell said higher goods prices are feeding through to inflation and that the FOMC expects inflation to continue to build into next year, which may limit how much more the Fed can cut interest rates.  The dollar added to its gains Thursday after T-note yields rose when US weekly jobless claims fell more than expected, and the Sep Philadelphia Fed business outlook survey ...