US Dollar Falters as Dovish Fed Comments and Weak Data Spark Rate Cut Speculation

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The US Dollar (USD) retreated on Wednesday, reversing earlier gains, as softer economic data and dovish comments from Federal Reserve Bank of Chicago President Austan Goolsbee fueled expectations of potential rate cuts. The release of the ADP Employment Change and the ISM Services PMI, both falling short of forecasts, further weighed on the Greenback. Market […]