The dollar index (DXY00) today is up by +0.21%. The dollar is moving higher on month- and quarter-end demand, with today being the last trading day of Q2. Also, today's decline in the yen to a 39-year low is supportive for the dollar. In addition, today's weaker-than-expected German June CPI report is dovish for ECB policy and is undercutting the euro, favoring the dollar. Today's US economic news is mixed for the dollar, with the May JOLTS job openings unexpectedly rising to a 2-year high, but the June Conference Board consumer confidence index rising less than expected.
The US Apr S&P Cotality composite-20 home price index rose +1.14% y/y, stronger than expectations of +0.90% y/y.
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Dollar Rises on Month- and Quarter-End Demand