US Dollar Weakens as Soft Economic Data Fuels Expectations of Fed Rate Cuts
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#332a5058 ver:0.41

Weak US economic data fuels expectations of Fed rate cuts, causing the US dollar to weaken. Retail sales in May fell short of forecasts, leading to speculation that the Federal Reserve will implement rate cuts. Market sentiment has shifted, with traders now pricing in a 67% probability of rate cuts by September. The outlook for the US dollar appears bearish in the short term. #USD #Fed #ratecuts...

#newstr #UsDollar #FederalReserve #RateCuts #EconomicData 

 https://here.news/story/332a5058?ver=0.41