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Dollar Index: Intraday Analysis & Outlook

The dollar rallied on Tuesday as investors tempered their expectations for a March rate cut from the Federal Reserve, while the pound and yen dropped as inflationary pressures subsided.

Against a basket of currencies, the dollar DXY rose 0.51%to 103.16, around a one-month high. It gained 0.2% overnight in subdued trading during a U.S. public holiday on Monday.

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