Home » Currency Note » Currency Note » Currency Note USD » USD: Dollar gains from risk off mood

The dollar was the big winner from worries over the global economy as unrest in China in reaction to draconian Covid lockdown rules were described as the worst unrest since Tiananmen Square in 1989.

There was some data hitting the wires after the hiatus for Thanksgiving last week. The Dallas Fed Manufacturing Index showed a bottoming out for the decline in business activity in Texas, as the price of raw materials fell.

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