The dollar index (DXY00) today is up by +0.06%. Weakness in the yen is supporting gains in the dollar today, as the yen attempts to hold above last Friday's 10-month low. Gains in the dollar are limited after dovish comments from Fed Governor Christopher Waller, who said he's advocating a December rate cut by the Fed. Also, today's strength in stocks has reduced liquidity demand for the dollar.
Fed Governor Christopher Waller said he's advocating for a December rate cut by the Fed due to concerns about the labor market and then taking a meeting-by-meeting approach starting in January.
