The dollar is ticking up on Wednesday.
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The US dollar is ticking up
The US dollar is slightly higher on Wednesday.
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The US dollar index is up by 0.2% at 99.69 as of 8:07 a.m. ET.
Treasury Secretary Steven Mnuchin told the Financial Times that US President Donald Trump is "absolutely not" trying to talk down the strong dollar.
This follows comments from Trump last week when he told the Wall Street Journal the "
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Separately, Fed rate-hike odds are falling. The market now sees a 43.7% chance of a Fed hike in June or sooner, down from expectations of 66.5% a week earlier.
As for the rest of the world, here's the scoreboard as of 8:24 a.m. ET:
- euro
- nnual inflation came in at 1.5% in March, down from the 2% reading in February, according to Eurostat. Transport fuels (+0.48%) had the biggest upward impact, while telecommunication and package holidays (both -0.09%) had the biggest downward impact.
- British pound
- holding on to its gains
- "GBP/USD is backing away from the 1.2860 high from earlier in the session today, but after a 300-point jump in GBP/USD since yesterday the market is poised to take a breather,"
- Russian ruble
- Japanese yen
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