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Market Impact: 0.42
Dollar Rallies and Gold Falls on Hawkish Fed Chair Warsh
Source: Nasdaq
Monetary PolicyInflationInterest Rates & YieldsCurrency & FX
The dollar index (DXY) rallied to a 1-week high and was up +0.41% as Fed Chair Warsh delivered hawkish remarks, warning inflation isn’t meaningfully slowing and reiterating a return to the 2% target. The comments point to higher-for-longer rate expectations, pressuring risk assets while supporting USD strength.
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