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May 21, 2024
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Dollar firm as Fed officials urge patience on rate cuts

"Amid a paucity of economic data catalysts this week, trading ranges have narrowed across currency markets. The dollar remains on a solid footing however, bolstered by a drumbeat of 'high for long' messages from Fed officials," said Karl Schamotta, chief market strategist, at Corpay in Toronto.

Reuters: Dollar firm as Fed officials urge patience on rate cuts