Dollar Climbs with Bond Yields

The dollar index (DXY00) on Friday rose by +0.31%.  Higher T-note yields on Friday supported the dollar.  The dollar also found support Friday on weakness in the British pound, which fell to a 2-week low after the UK’s Aug government borrowing exceeded estimates.  The dollar fell back from its best level Friday after Minneapolis Fed President Neel Kashkari said he has penciled in two additional Fed rate cuts this year. The dollar is being undercut by concerns over Fed independence, which could prompt fo ...