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The dollar slipped against most major currencies on May 24 as traders took profits after recent gains. Strong US economic data had prompted markets to scale back expectations for interest rate cuts.
Profit-taking in the dollar provides only modest relief for dollar-priced commodities, and firm US data keeps the dollar supported.
reuters.comSaqib AhmedMay 24, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
