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Dollar extends gains as hawkish central bank tone sours mood

Dollar extends gains as hawkish central bank tone sours mood

Global Market Insights - Forex, Futures, Stocks

June 23, 20234m 25s

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Recession fears heightened after BoE surprises with 50-bps hike, Eurozone PMIs disappoint. Hawkish Fed commentary further underscores need for more central bank tightening. Dollar advances as pound and euro slide, Wall Street heads for rare weekly loss.

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