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Dollar Gains and Gold Falls on US Labor Market Strength

Foreign Exchange & Fixed Income

Rich Asplund

·

June 3, 2025

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Barchart

The dollar index (DXY00 ) Tuesday rose by +0.53%. The dollar on Tuesday recovered from a 6-week low and moved higher after weaker-than-expected Eurozone inflation news knocked the euro lower. Also, weakness in the yuan supported gains in the dollar after a gauge of Chinese manufacturing activity contracted in May...

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