The dollar index (DXY00) Tuesday rose by +0.31%. Hawkish comments Tuesday from Minneapolis Fed President Kashkari supported the dollar when he said it's likely the Fed will keep interest rates where they are "for an extended period of time." Also, weakness in the yen was positive for the dollar after a Japanese government official suggested the bar for additional Japanese government intervention in currency markets to support the yen may be higher than markets anticipate. Lower T-note yields on Tuesday limited gains in the dollar.
US Mar consumer credit increased by +$6.274 billion, weaker than expectations of +$15.000 billion.
