The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains some positive traction and climbs back above the 100.00 psychological mark during the Asian session on Friday. The index, for now, seems to have snapped a three-day losing streak to its lowest level since June 17, touched on Thursday, though it remains on track to register heavy weekly losses.
The US Personal Consumption Expenditures (PCE) Price Index fell 0.1% in June, marking the first monthly decline since April 2020 as the temporary truce in the Iran war sent gas prices lower. This, in turn, dampened expectations for an immediate interest rate hike…
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