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Posted by
Two Blokes May 14 -
Filed in
Forex
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The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, softened near 100.60 on Wednesday as cooler-than-expected inflation and news of ongoing US-South Korea currency discussions pressured the Greenback. Gold extended its sell-off, plunging below $3,200 per ounce for the first time since April 11.