Dollar Supported by Higher T-note Yields

The dollar index (DXY00) on Tuesday recovered from a 1.5-month low and rose by +0.36%.  Higher T-note yields on Tuesday strengthened the dollar's interest rate differentials and sparked short covering in the dollar.  The dollar initially whipsawed lower and then higher on Tuesday after preliminary benchmark payroll revisions to US payrolls in the year through March 2025 showed fewer jobs than previously stated.  Limiting the upside in the dollar are the increased expectations for Fed easing through year- ...