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US Dollar Strengthens Amid Hawkish Fed Remarks
The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits amidst market uncertainties. Optimistic forecasts from OPEC and the IEA regarding oil demand were overshadowed by global economic concerns and the potential impact of future Fed rate decisions. The Japanese Yen continued to sell off following the Bank ... (full story)
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- Posted: Jun 17, 2024 12:49am
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