Dollar Dives As CPI Fuels Rate Cut Bets

Heading into Wednesday’s trading session, the U.S. dollar remains under pressure after a sharp decline on Tuesday.

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Heading into Wednesday’s trading session, the U.S. dollar remains under pressure after a sharp decline on Tuesday, driven by a softer-than-expected headline CPI report that solidified expectations for a September Federal Reserve rate cut, with market odds now exceeding 95%.

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