Dollar Moves Higher With Bond Yields

The dollar index (DXY00) today is up by +0.07% and just below Wednesday's 1-week high.  The dollar garnered support from today's US existing home sales report, which showed sales rose to a 7-month high.  Also, higher T-note yields today strengthened the dollar's interest rate differentials.  In addition, weakness in the yen is benefiting the dollar, as the yen fell to a 1.5-week low today on concerns that new Japanese Prime Minister Takaichi will advocate a less hawkish monetary policy.  Gains in the dolla ...