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US Dollar holds ground to start the new week

Here is what you need to know on Monday, June 17:

The US Dollar (USD) stays resilient against its major rivals at the beginning of the week, with the US Dollar Index clinging to modest gains above 105.50 after closing the previous week in positive territory. In the absence of high-tier macroeconomic data releases, investors will pay close attention to comments from central bankers. 

After struggling to find demand on soft US inflation data in the middle of the previous week, the USD benefited from the Federal Reserve’s hawkish tone and the risk-averse market atmosphere. Early Monday, US stock index futures trade virtually unchanged on the day and the benchmark 10-year US Treasury bond yield holds steady above 4.2%. 

US Dollar PRICE Last 7 days

The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US…

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