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Market Impact: 0.2
Dollar Retreats as Crude Prices Fall and Stocks Rally
Source: Nasdaq
Currency & FXTrade Policy & Supply ChainEnergy Markets & PricesInflation
The dollar index fell 0.24%, retreating from Monday’s 1.5-year high. A US August trade deficit that widened to a 17-month high was cited as bearish for the dollar, while WTI crude’s 1% decline to a one-month low eased inflation expectations.
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