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Dollar Pressured by Dovish Fed Comments

Foreign Exchange & Fixed Income

Rich Asplund

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June 23, 2025

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Barchart

The dollar index (DXY00 ) on Monday fell by -0.33%. The dollar on Monday dropped from a 3-week high and turned lower on dovish Fed comments. Fed Governor Bowman and Chicago Fed President Goolsbee said they favored a Fed rate cut at next month’s FOMC meeting. Also, Monday’s rebound in...

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