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The Economic Times

Markets / The Economic Times

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US dollar heads for first monthly gain since October

The U.S. dollar is poised for its first monthly gain since October, despite a midday retreat from earlier highs. Hotter-than-expected producer price data initially boosted the greenback, but traders squared positions ahead of month-end and the weekend. Geopolitical uncertainty and expectations of Fed rate cuts are also influencing currency movements.

28 Feb 2026 10:47 am