The dollar index (DXY) rose 0.02% after recovering from early losses following Iran's rejection of a U.S. peace proposal. U.S. import price index ex-petroleum for February recorded its largest increase in four years, signaling renewed inflationary pressure. The moves imply a modest, short-term risk-off bid to the dollar rather than a market-altering development.
The dollar index (DXY) rose 0.02% after recovering from early losses following Iran's rejection of a U.S. peace proposal. U.S. import price index ex-petroleum for February recorded its largest increase in four years, signaling renewed inflationary pressure. The moves imply a modest, short-term risk-off bid to the dollar rather than a market-altering development.
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