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Dollar Retreats As China's Rebound Sparks Risk-on Sentiment

Por: RTTNews Business March 06, 2023

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The week of February 27 to March 3 saw the Dollar's strength being challenged by the surprise rebound in China's manufacturing sector.The Dollar opened the week on a firm footing amidst the PCE-based inflation readings reinforcing the persistence of inflation as well as renewing fears of aggressive rate action by the Fed. The Dollar Index (DXY), a measure of the strength of the Dollar against a basket of 6 currencies increased from... + full article



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