Dollar Gains on Higher T-Note Yields and Hawkish FOMC Minutes
The dollar index (DXY00 ) rose by +0.41% on Wednesday, just below Monday’s 1.5-year high. Higher T-note yields on Wednesday strengthened the dollar’s interest rate differentials as the 10-year T-note yield rose to a 24-year high of 5.36%. Also, hawkish minutes from the September 15-16 FOMC meeting