The dollar index (DXY00) Wednesday rose by +0.41% and posted a 1-year high. The dollar index Wednesday recovered from early losses and turned higher as it extended the post-election rally on speculation that T-note yields will increase as inflation increases due to President-elect Trump’s pro-tariff policies. The dollar Wednesday initially moved lower as T-note yields fell on the as-expected US Oct CPI report. The benign inflation report boosted the chances to 82% for the Fed to cut interest rates by 25 bp next month from 62% before the report, a negative factor for the dollar. US Oct CPI rose…