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Dollar Drops as Stocks Rally on Possible US-China Tariff Talks

Foreign Exchange & Fixed Income

Rich Asplund

·

May 2, 2025

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Barchart

The dollar index (DXY00 ) today is down by -0.73%. The dollar is under pressure today on reduced safe-haven demand as news of possible US-China trade talks sparked a rally in stocks that boosted risk sentiment. The dollar also fell after US Apr average hourly earnings rose less than expected,...

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