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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Dollar gains on euro weakness and solid us consumer sentiment - You Need To See This

Euro Scholz United States University of Michigan Inflation Germany US Federal Reserve

The dollar index (DXY00) today is up by +0.26%.  The dollar today is moving higher as political uncertainty in Germany weighs on the euro after German Chancellor Scholz called for a snap election in January.  The dollar extended its gains today after the University of Michigan US Nov consumer sentiment index rose more than expected to a 7-month high.  Lower T-note yields today are limiting the upside in the dollar. 

The University of Michigan US Nov consumer sentiment index rose +2.5 to a 7-month high of 73.0, stronger than expectations of 71.0.

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