Dollar Index Hits 6-Month High on Wholesale Inflation Data, ECB Hike
The US dollar index soared to a 6-month high on Thursday after fresh economic data in the US and Europe.
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USDC$0.9996-0.01%
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LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Arm is set to stage its public debut on Thursday but the stock is unlikely to attract many ETF buyers due to strict inclusion rules of large market indices.
The US dollar index soared to a 6-month high on Thursday after fresh economic data in the US and Europe.
The latest inflation figures have led traders to believe that the Federal Reserve will pause in September.
Oil prices extended 10-month highs on Wednesday. Meanwhile, annual inflation rose higher-than-expected to 3.7% in August.
The FDIC has been struggling to offload approximately $12.7 billion in bonds tied to project loans supported by Ginnie Mae.
How will regimented volatility play out ahead of the CPI data?
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The majority of voters do not credit the Biden administration for the economic improvements.
The yen recovered ground against the US dollar on Monday after the nation's central bank hinted at shifting away from its ultra-dovish policy.
Tesla's stock rose 5.7% in premarket trading on Monday after Morgan Stanley analysts hiked their price target on the stock to $400.