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US Dollar Slides on Soft PPI as EUR/USD Climbs and Gold Sinks

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The Story

News Summary

  • The US dollar weakened following a softer US PPI report and dropping Treasury yields, lowering Fed rate hike odds.
  • EUR/USD gained on rate divergence, USD/JPY slid on heightened BOJ hike expectations, while gold and silver slipped due to reduced Middle East safe-haven demand.
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EURUSD price history

1.16 +0.00% over the displayed period

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