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Dollar Moves Higher on US Trade Tensions with Canada

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Summary
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83% Informative

The dollar index (DXY00) Friday rose by +0.22% and posted a new 3-3/4 year high.

Positive trade news is bullish for the dollar as the US moves closer to trade deals with China .

Gains in the dollar were limited from Friday 's weaker-than-expected US May personal spending and income reports.

Minneapolis Fed President Kashkari weighed on the dollar when he said he sees two 25 bp Fed rate cuts this year .

Japan May retail sales unexpectedly fell -0.2% m/m, weaker than expectations of a +0.3% increase.

Japan Jun Tokyo CPI ex-fresh food and energy rose +3.1% y/y.

Precious metals settled sharply lower on Friday , with gold falling to a 4-week low.

The stronger dollar and higher global bond yields undercut metals prices.

VR Score

89

Informative language

94

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34

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formal

Language

English

Language complexity

48

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not offensive

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not hateful

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not detected

Time-value

short-lived

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1

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