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US Dollar Index Poised for Weekly Gain
The US dollar was relatively unchanged against a basket of its major peers, but was still poised for a weekly gain of more than half a percent as of Thursday’s afternoon session. The US dollar index, which tracks the greenback’s performance against six of its major peers, was at 79.83. US data throughout this shortened week were generally positive, as retail sales, consumer price inflation and industrial production figures beat forecasts. Looking ahead to next week, forex traders will weigh a spate of US economic data, including previously-owned home sales, durable goods orders and PMI. The world’s most ... (full story)