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Barchart
Barchart
Rich Asplund

US-China Trade Agreement Reduces Safe-Haven Demand for the Dollar and Precious Metals

United States US Federal Reserve China Donald Trump Bessent Powell

The dollar index (DXY00) today is slightly lower by -0.06%.  The dollar is trading slightly lower due to reduced safe-haven demand on the preliminary US-China trade agreement. 

The dollar is also seeing some carry-over weakness from last Friday's Sep US CPI report of +3.0% y/y for both the nominal and core figures, which was slightly weaker than expectations for both of +3.1% y/y and was dovish for Fed policy.

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