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Dollar Rallies and Gold Tumbles on US Trade Optimism

Foreign Exchange & Fixed Income

Rich Asplund

·

May 8, 2025

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Barchart

The dollar index (DXY00 ) Thursday rose by +1.04% and posted a 3-1/2 week high. The dollar rallied Thursday on easing global trade tensions after President Trump announced a new comprehensive trade deal with the UK. The dollar also found support after US weekly jobless claims fell more than expected...

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