On Friday, the dollar index (DXY00) dropped by -0.06%. Despite hitting a 2-1/4 month high earlier in the day, the dollar underwent a modest decrease in value. This development was due to a surge in the stock market, which lowered demand for liquidity in dollars. Additionally, T-note yields retreated from their highest levels, putting further pressure on the dollar. The…
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Dollar Loses Early Gains as Strong Stock Market Lowers Liquidity Demand
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