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Dollar Falls Sharply on Dovish US PCE Inflation Report

Foreign Exchange & Fixed Income

Rich Asplund

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Barchart

The dollar index (DXY00 ) on Friday edged to a new 2-year high but then fell back and ended the day down -0.72%. The dollar was undercut by the US PCE deflator report, which was dovish for Fed policy and caused weaker US interest rate differentials with the 10-year T-note...

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