Dollar Rallies on US Economic Strength and Hawkish FOMC Minutes
Yahoo Finance·2026-02-18 20:29
The dollar index (DXY00) rallied to a 1-week high on Wednesday and finished up by +0.57%. The dollar moved higher on Wednesday and found support on better-than-expected US economic reports on Dec capital goods new orders, Dec housing starts and building permits, and Jan manufacturing production. Also, higher T-note yields on Wednesday have strengthened the dollar's interest rate differentials. Gains in the dollar accelerated on Wednesday on the hawkish minutes of the Jan 27-28 FOMC meeting, after "sever ...