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CHOCHILINO Dollar Advances as Iran War Rages %
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CHOCHILINO Dollar Advances as Iran War Rages %
The dollar index (DXY00) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday’s +5% rally in crude oil prices is pushing inflation expectations higher, potentially forcing the Fed to keep monetary policy restrictive, a bullish factor for the dollar. Friday’s stock slump also boosted liquidity demand for the dollar…
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