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Market Impact: 0.25

Dollar Supported by Euro and Yen Weakness

InflationCurrency & FXEconomic Data

The U.S. dollar index (DXY) rose +0.13% as the euro weakened following Eurozone June CPI coming in below expectations, pulling the euro lower. The yen also slid to a new 39-year low, providing additional support for the dollar. Net effect is modest FX momentum rather than a major macro regime shift.

Analysis

The U.S. dollar index (DXY) rose +0.13% as the euro weakened following Eurozone June CPI coming in below expectations, pulling the euro lower. The yen also slid to a new 39-year low, providing additional support for the dollar. Net effect is modest FX momentum rather than a major macro regime shift.

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