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Barchart
Rich Asplund

REVEALED: Dollar recovers early losses on hawkish fed governor comments - The Real Truth

ECB Bowman US Federal Reserve Inflation LAGARDE Shigeru Ishiba Gold BOJ Dallas Fed Interest Rates

The dollar index (DXY00) today is up by +0.15%.  The dollar today recovered from overnight losses and is moderately higher on hawkish comments from Fed Governor Bowman that reduced chances for a -50 bp rate cut at the November FOMC meeting when she said core inflation remains "uncomfortably" above the Fed's 2% target.  Also, today’s better-than-expected US Chicago PMI and Dallas Fed manufacturing reports supported the dollar. 

The US Sep MNI Chicago PMI unexpectedly rose +0.5 to 46.6, stronger than expectations of -0.1 to 46.0.

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