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Barchart
Barchart
Rich Asplund

Dollar Rises Slightly After Hawkish U.S. CPI Report

The dollar index (DXY00) on Tuesday rose slightly by +0.07% on the slightly hawkish CPI report.  The dollar index also saw support from Tuesday’s +5.3 bp rise in the 10-year T-note yield, which improved the dollar’s interest rate differentials.

The dollar index saw support after the markets slightly dialed back expectations for Fed rate cuts over the next several meetings after Tuesday’s CPI report.

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