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Dollar Falls and Gold Rallies on Tariff Risks

Foreign Exchange & Fixed Income

Rich Asplund

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May 23, 2025

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Barchart

The dollar index (DXY00 ) Friday fell by -0.87% and posted a 3-week low. The dollar tumbled Friday after President Trump threatened a 50% tariff on goods from the European Union on June 1, saying, "Our discussions with them on trade are going nowhere." The dollar was also pressured by...

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