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Barchart
Rich Asplund

Dollar Posts Modest Gains on Weakness in Stocks and the Yen

ECB Inflation Kazaks Makhlouf US Federal Reserve Japan eurozone Gold

The dollar index (DXY00) Wednesday rose by +0.05%.  The dollar on Wednesday posted modest gains on weakness in stocks and the yen. Weakness in stocks on Wednesday prompted some liquidity demand for the dollar.  Also, the yen slid against the dollar due to weakness in Japanese government bond yields.

U.S. economic news Wednesday was bullish for the dollar as Sep wholesale sales rose +2.2% m/m, stronger than expectations of +0.9% and the biggest increase in 20 months. 

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