In a day of nuanced shifts across the financial landscape, the U.S. Dollar Index experienced minimal changes but ultimately edged down by 0.073%, settling at 103.99.
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On Wednesday, the U.S. Dollar Index fluctuated around the 104 mark and eventually fell by 0.073%, closing at 103.99.
WCG Markets:2024-02-22
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The US Dollar saw a decline on Tuesday, continuing its downward trend after the extended weekend, fueled by increasing expectations that the Federal Reserve will postpone the initial rate cut even further.
On Tuesday, the US Dollar Index fell below the 104 level during the trading session, hitting a more than one-week low.
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The US dollar and US bond yields have fallen, and gold prices have risen to over a week high Oil prices have fallen by over 1%, and demand concerns have overshadowed the impact of geopolitical tensions
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WCG Markets:2024-02-21
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The Canadian CPI is expected to increase by 3.2% YoY in January, with economists anticipating a monthly rebound to 0.4%.
On Monday, the U.S. Dollar Index edged up to a daily high of 104.37 during the American session before paring its gains, eventually closing slightly lower at 104.25. The U.S. bond market was closed.
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The US dollar remains in an upward trend, with geopolitical concerns helping gold prices stay above $2,000
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WCG Markets:2024-02-20
At the start of Monday, major currency pairs hovered around their closing levels from the previous week.