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The dollar index (DXY00) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed President Bostic weighed on the dollar when he said it’s possible that more than one interest rate cut by the Fed may now be needed by year-end. The dollar dropped to its lows Friday after Fed Chair Powell said, “The time has come for policy to adjust.” The dollar declined despite Friday’s stronger-than-expected US July new home sales report. US…

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