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Dollar Index: Daily Analysis Update & Forecast

The dollar index fell below 105.5 on Tuesday, hitting its weakest levels in a month and tracking a decline on Treasury yields as investors continued to assess the outlook for Federal Reserve monetary policy.

The benchmark 10-year US yield pulled back from the 5% level on Monday after Pershing Square’s Bill Ackman revealed he covered his short position on bonds due to growing geopolitical risks.

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