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Forex

Dollar Weakness Continues Amid Slowing Growth and Inflation

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USD
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The US dollar continued to decline due to reduced expectations of an early interest rate hike by the Federal Reserve. The currency's value dropped as second-quarter US growth and June PCE inflation showed signs of slowing down.

As a result, the yen strengthened against the dollar, rising from 163.00 to 157.98 yen per dollar. This trend indicates that investors are increasingly seeking safe-haven assets amidst economic uncertainty.

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