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The dollar's rally

The Dollar Is Set To Retrace Ahead Of The Fed And ECB Meetings Next Week | Daily Market

The Dollar Is Set To Retrace Ahead Of The Fed And ECB Meetings Next Week | Daily Market

Key events:       Eurozone - ECB President Lagarde Speaks      USA - Core PCE Price Index (MoM) (Dec)   USA - Pending Home Sales (MoM) (Dec)   The dollar gained against all currencies of the Big Ten yesterday amid the published economic data. The strengthening of the dollar coincided with the growth of risk appetite in Europe and the U.S. In this case, the yield on 2-year U.S. Treasury notes interrupted a two-day decline and rose Thursday to 4.18%, and the yield on 10-year bonds rose 5 bps to 3.49%.

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Dollar Gaining Strength As Major Central Banks Keep Raising Rates

Dollar Gaining Strength As Major Central Banks Keep Raising Rates | Daily Market Analysis

Key events:       UK – Retail Sales (MoM) (Nov)   UK – Composite PMI    UK – Manufacturing PMI   UK – Services PMI    Eurozone – CPI (YoY) (Nov)   The dollar rallied against all Big Ten currencies on Thursday. This strengthening was very broad-based, with 85 of the 146 currencies tracked by Bloomberg falling against the U.S. competitor. Four major precious metals also lost ground.

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