Dollar Gains on Weakness in the British Pound and Yen

The dollar index (DXY00) today is up by +0.17%.  The dollar is moving higher today due to weakness in GBP/USD after UK November consumer prices rose less than expected.  Also, weakness in the yen today is positive for the dollar as Japanese fiscal concerns weigh on the yen.  The dollar fell back from its best level on dovish comments from Fed Governor Waller, who said the Fed can keep cutting rates as interest rates are still 50-100 bp above neutral. The dollar is also under pressure as the Fed boosts li ...