Dollar Index Rises Friday
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Business & Economics
Dollar Moves Higher on US Trade Tensions with Canada

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.
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