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US Dollar Index: DXY renews six-week high around mid-103.00s as Fed Minutes flag inflation woes
US Dollar Index (DXY) bulls take a breather after refreshing the six-week high, making rounds to 103.50 amid Thursday’s Asian session, as market players seek more clues to defend the latest run-up. That said, the DXY cheered hawkish Minutes of the Federal Reserve’s (Fed) latest monetary policy meeting, as well as the risk-off mood to print a five-day uptrend by the end of Wednesday’s North American session. On Wednesday, the Monetary Policy Meeting Minutes of the Federal Open Market Committee’s (FOMC) July 25-26 meeting highlighted the policymakers’ discussion on the inflation pressure, despite marking a ... (full story)