Dollar Posts a 1-Week High and Gold Falls on Hawkish FOMC Minutes
The dollar index ( DXY00) Wednesday rose by +0.28% and posted a 1-week high. Higher T-note yields Wednesday supported moderate gains in the dollar. Also, the weakness in stocks on Wednesday boosted some liquidity demand for the dollar. The dollar extended its gains Wednesday afternoon on the hawkish minutes of the Apr 30-May 1 FOMC meeting.