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Dollar Rallies on Hawkish Powell

Foreign Exchange & Fixed Income

Rich Asplund

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October 29, 2025

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Barchart

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

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