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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Dollar weighed down by the outlook for a fed pause | Vintage Vibes

US Federal Reserve Bostic Atlanta Fed ECB Holzmann Governing Council Gold Interest Rates Inflation

The dollar index (DXY00) on Tuesday fell by -0.23% and posted a 1-week low. A rally in stocks on Tuesday curbed the liquidity demand for the dollar.  The dollar was also under pressure Tuesday after comments from Atlanta Fed President Bostic bolstered speculation the Fed is heading toward a pause in interest rate hikes.  Losses in the dollar were limited as the ongoing turmoil in the Middle East is boosting some safe-haven demand for the dollar. 

Dovish comments Tuesday from Atlanta Fed President Bostic were bearish for the dollar when he said, "I don't think we need to increase interest rates anymore, and I think that our policy rate is at a sufficiently restrictive position to get inflation down to 2%."

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