The dollar index (DXY00) today is up +0.02%. The dollar is seeing support as the 10-year T-note yield rose to a 3-3/4 month high and is up +3 bp. The dollar is also seeing support from today's positive US consumer sentiment report.
The Conference Board's Oct US consumer confidence index rose +9.5 points to a 9-month high of 108.7, much stronger than expectations for a small increase to 99.5. Today's +9.5 point rise was the largest in three years. The rise in consumer confidence was due in part to the consumer view that jobs are plentiful.
