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US Dollar Plummets as Cooler CPI Bolsters Rate Cut Expectations
The US Dollar (USD) tumbled on Thursday following the release of the June Consumer Price Index (CPI), which revealed a significant slowdown in inflation. The report, coupled with weaker-than-expected retail sales data, suggests that the Federal Reserve’s (Fed) measures to curb inflation are gaining traction. Market focus now shifts to Friday’s Producer Price Index (PPI) […]