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Barchart
Barchart
Rich Asplund

Dollar Sees Support as Stocks Weaken on Tariff Risks

The dollar index (DXY00) Tuesday rose by +0.03%.  The dollar posted modest gains on Tuesday as US tariff concerns weighed on equity markets and boosted safe-haven demand for the dollar.  Dovish Eurozone inflation news Tuesday also weighed on EUR/USD to the benefit of the dollar. 

The dollar briefly fell into negative territory Tuesday on weaker-than-expected US job openings and ISM reports.  The dollar was also under pressure due to concerns that US tariffs would derail economic growth. 

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