US Dollar flips in the red as Qatar moves quickly in Cease-Fire talks

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• The Greenback pulls back after Qatar metions a ceasefire deal is speeding up between Israel and Palestina.
• US yields sunk lower after attempting to soar back to 5% on Thursday.
• The US Dollar Index is set to lock in a fresh weekly gain despite a downbeat trading day. 

The US Dollar (USD) had a wild ride again on Thursday as the European Central Bank turned out to be a non-event. Rather the wild ride in the US equity markets thereafter made the US Dollar Index (DXY) pull back. The sell-off in US equities, with the Nasdaq leading the decline, saw investors flee to safe havens such as US bonds.