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Barchart
Barchart
Rich Asplund

Dollar Slips and Gold Climbs as the Euro and Yen Strengthen

US Federal Reserve Euro Goolsbee Gold Chicago Fed ECB Kanda Schnabel United States Dallas Fed

The dollar index (DXY00) Monday fell by -0.30%.  Strength in the euro and the yen on Monday weighed on the dollar.  Losses in the dollar accelerated due to dovish comments from Chicago Fed President Goolsbee, who said the Fed needs to be watchful of too-tight monetary policy.

The US Jun Dallas Fed manufacturing outlook survey rose +4.3 to -15.1, slightly weaker than expectations of -15.0.

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