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The greenback index (DXY), which tracks the buck’s worth in opposition to main currencies, jumped 0.7% to 103.25, having dropped 0.9% to 102.51 Wednesday. The futures tied to the S&P 500, Wall Street’s benchmark index, and the tech-heavy Nasdaq index traded no less than 0.5% decrease, signaling a weak open following Thursday’s surge. Heading into the assembly, the Fed funds futures noticed round a 40% probability of a 75 foundation level hike in June. Therefore, danger belongings picked up a bid after Powell dashed hopes of a much bigger transfer.
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