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US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
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2024-07-11 06:03:45

US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations on Nostr: US Dollar Weakens Ahead of US Inflation Report; Sterling Strengthens on Rate Cut ...

US Dollar Weakens Ahead of US Inflation Report; Sterling Strengthens on Rate Cut Speculation
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#332a5058 ver:0.64

The US dollar weakens as traders anticipate a rate cut and react to weak data, while the British pound strengthens on speculation of a rate cut. Concerns over disinflation and a slowing labor market in the US weigh on the dollar, with a September rate cut now seen as more likely. Traders await the June Nonfarm Payrolls report for further insight. #USD #GBP #inflation #ratecut...

#newstr #UsDollar #WeakData #RateCutSpeculation #NonfarmPayrolls #EconomicIndicators #LaborMarket #InterestRates #UsInflation #BankOfEngland #FederalReserve

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