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Rich Asplund

YOU WONT BELIEVE: Dollar pushes higher as bond yields rise - What They Never Told You

United States Donald Trump Euro Gold US Federal Reserve BOJ ECB

The dollar index (DXY00) on Friday rose by +0.15%. The dollar moved higher on Friday due to weakness in the euro and yen, which both fell to 1.5-week lows against the dollar. Also, higher T-note yields on Friday strengthened the dollar's interest rate differentials. Strength in stocks on Friday curbed liquidity demand for the dollar and capped its gains.

The US Dec S&P manufacturing PMI was kept unrevised at 51.8, right on expectations.

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