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How the Dollar’s Rise on Monday Affected Metals and Miners

Meera Shawn
How the Dollar’s Rise on Monday Affected Metals and Miners

The most crucial determinant in the price movement of precious metals over the past six months has been the US dollar. The US dollar, depicted by the DXY Currency Index (or DXY), was up 0.4% on Monday, February 5, and it also has a five-day trailing gain of 0.28%. The DXY prices the dollar against a basket of six major world currencies.