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Barchart
Rich Asplund

SHOCKING: Dollar rebounds as t note yields climb - You Need To See This

BOJ ECB United States Simkus Ueda Euro Japan University of Michigan

The dollar index (DXY00) Friday rose by +0.19%.  The dollar recovered from early losses and posted moderate gains on Friday.  Short covering emerged in the dollar Friday after T-note yields rose on stronger than expected US economic news on Sep capital goods new orders nondefense ex-aircraft and parts and the University of Michigan US Oct consumer sentiment index.   The dollar Friday initially moved lower as strength in stocks reduced liquidity demand for the dollar.

US Sep capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +0.5% m/m, stronger than expectations of +0.1% m/m.

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