The dollar index (DXY00) is trading slightly higher by +0.18% as US political factors continue to buffet the FX markets. Bearish factors for the dollar today include today’s -2.5 bp decline in the 10-year T-note yield and the weaker-than-expected US economic reports. Today’s June US existing home sales report of -5.4% to 3.89 million was weaker than market expectations for a -3.2% drop to 3.98 million. Home sales continue to be undercut by high mortgage rates and high home prices. Today’s July Richmond Fed manufacturing index fell by -7 points to -17, weaker than expectations for a +3 point ri…