The dollar index (DXY00) on Monday rose by +0.50% and posted a 2-1/2 month high. The dollar found support Monday from higher T-note yields, which strengthened the dollar’s interest rate differentials. Gains in the dollar accelerated on hawkish Fed comments. Dallas Fed President Logan said she favors the Fed gradually lowering interest rates, and Minneapolis Fed President Kashkari said he “forecasts modest cuts over the next several quarters.”
US Sep leading economic indicators fell -0.5% m/m, weaker than expectations of -0.3% m/m.
