Dollar Firms as the Euro and Yen Decline

The dollar index (DXY00) on Monday rose by +0.39% and posted a 1-week high.  The dollar moved higher on Monday after French Prime Minister Lecornu resigned, which undercut the euro.  Also, the yen tumbled against the dollar after Sanae Takaichi, a proponent of easy fiscal and monetary policy, won Saturday's election to become Japan's new prime minister. Higher T-note yields on Monday also strengthened the dollar's interest rate differentials. The ongoing shutdown of the US government is bearish for the do ...