Lower Bond Yields Drive Dollar Index Down by 0.06% as U.S. Economic Reports Disappoint
Weaker-than-expected U.S. economic reports for August’s personal spending and September’s MNI Chicago PMI weighed heavily on the dollar. Lower Bond Yields had a significant impact on the dollar index (DXY00) on Friday, causing it to drop by -0.06% Additionally, dovish U.S. inflation data pushed T-note yields down, further pressing on the dollar after the August … Read more