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Dollar Retreats as Weak US Economic Reports Boost Fed Rate Cut Chances

Dollar Retreats as Weak US Economic Reports Boost Fed Rate Cut Chances

The dollar index (DXY00 ) today retreated from a 2-month high and is down by -1.11%. The dollar tumbled today after the Jul payroll report showed the US labor market cooled more than expected, bolstering speculation the Fed may cut interest rates as soon as next month. Losses in the...

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