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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Dollar rebounds as trade tensions resurface | Rare Historical Photos

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The dollar index (DXY00) on Friday rose +0.12%.  The dollar recovered from a 2-week low on Friday and finished higher.  Tariff tensions resurfaced on Friday, pushing the dollar higher, after President Trump threatened to raise tariffs on European automobile imports to as high as 25%.

The dollar initially moved lower on Friday after crude oil prices fell more than -3%, which eased inflation expectations, a dovish factor for Fed policy, and a negative factor for the dollar.  The dollar fell to its low on Friday after the release of the weaker-than-expected Apr ISM manufacturing report. 

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