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Rich Asplund

Dollar Pressured by a Soft US PPI Report

United States US Federal Reserve eurozone ECB Euro Interest Rates Unemployment

The dollar index (DXY00) today is down by -0.25%. The dollar is under pressure today as weaker-than-expected US Apr producer prices pushed T-note yields lower and boosted expectations for the Fed to cut interest rates. Other US economic reports today are mixed for the dollar.

US weekly initial unemployment claims were unchanged at 229,000, close to expectations of 228,000.

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