The Dow Jones loses optimism
The Dow Jones rose by nearly 3% over the past week. As a result, it managed to rise above 32,000 for the first time since 13 September. What's more, the September data for the US Personal Consumption Expenditures Price Index showed a 0.6% increase, which was higher than expected. Since this index is an important indicator for the Federal Reserve, it plays in the dollar's favour. The Dow Jones, on the other hand, could start moving downward.
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