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Dollar Rallies on Trade Deal Optimism and Positive US Economic News

Foreign Exchange & Fixed Income

Rich Asplund

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July 29, 2025

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Barchart

The dollar index (DXY00 ) today added to Monday's sharp gains and is up by +0.43% to a 5-week high. The dollar has carryover support from Monday following the EU-US trade deal that is seen as favoring the US. Also, expectations for the Fed to keep interest rates unchanged at...

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