The dollar index (DXY00) is up by +0.17%, with some technical buying emerging after today’s 1-week high. The dollar is trading higher despite today’s -1.4 bp decline in the 10-year T-note yield to 4.980%.
In some supportive news for the dollar, the Sep Chicago Fed National Activity index rose to 0.07 from a revised -0.08 in August, and was stronger than expectations of a decline to -0.10. Also, the Dallas Fed’s Oct manufacturing index rose to 13.4 from 9.8, stronger than expectations for a decline to 8.8.
