Day: June 13, 2024

US Dollar Defies Soft PPI Data, Continues Upward Momentum

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The US Dollar Index (DXY) defied expectations on Thursday, extending its recent rebound above 105.00. This resilience came despite the release of softer-than-expected Producer Price Index (PPI) data and higher-than-anticipated Initial Jobless Claims. Wednesday’s Federal Reserve (Fed) decision and updated economic projections further fueled the DXY’s upward trajectory. While the US economy is showing mixed […]

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