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US Dollar Is Kicking Serious A** Right Now In The Market

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Robert Donachie Capitol Hill and Health Care Reporter
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The dollar is up and incredibly competitive, according to MarketWatch.

The U.S. dollar index went up over 0.6 percent to 96.04 Friday afternoon. Day trading on two-year notes drove this rise in the dollar, according to CNBC.

As a result, the euro to dollar exchange rate tightened. The euro is down 0.6 percent against the dollar, while the wages in Europe grew 0.9 percent this year, according to Business Insider.

This isn’t the only good news for the American economy. The Consumer Price Index (CPI) increased 0.2 percent in August, Bureau of Labor Statistics reported. The CPI is the measure of the “changes in the price level of a market basket of consumer goods and services purchased by households.”

The two primary drivers of this inflation were the cost of medication and housing.

Following Brexit, the British pound is down 1 percent against the dollar.

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