DOLLAR WEAKENS AS U.S. INFLATION COOLS The U.S. dollar fell after June inflation slowed more than expected, reducing expectations for near-…
DOLLAR WEAKENS AS U.S. INFLATION COOLS
The U.S. dollar fell after June inflation slowed more than expected, reducing expectations for near-term Federal Reserve rate hikes.
However, escalating U.S.-Iran tensions are pushing oil prices higher, potentially reviving inflation concerns.
The euro and pound gained, while the Japanese yen remained near 40-year lows.
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