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Barchart
Rich Asplund

RARE PHOTOS: Dollar supported by euro weakness and strong us consumer sentiment | Vintage Vibes

Euro Scholz University of Michigan Inflation Germany US Federal Reserve

The dollar index (DXY00) Friday rose by +0.49%.  The dollar rallied Friday as political uncertainty in Germany weighs on the euro after German Chancellor Scholz called for a snap election in January. The dollar extended its gains Friday after the University of Michigan US Nov consumer sentiment index rose more than expected to a 7-month high.  Lower T-note yields on Friday and strength in stocks limited the upside in the dollar. 

The University of Michigan US Nov consumer sentiment index rose +2.5 to a 7-month high of 73.0, stronger than expectations of 71.0.

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