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Dollar Rises on Hawkish Fed Expectations Despite Weak US Economic Data
The US dollar index (DXY00) rose 0.24% on Wednesday due to increased liquidity demand from a stock market slump and hawkish Fed policy expectations after stronger-than-expected core PCE price index data; however, weaker-than-expected US economic growth and employment data limited gains.
Dollar Rises on Hawkish Fed Expectations Despite Weak US Economic Data
The US dollar index (DXY00) rose 0.24% on Wednesday due to increased liquidity demand from a stock market slump and hawkish Fed policy expectations after stronger-than-expected core PCE price index data; however, weaker-than-expected US economic growth and employment data limited gains.
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