Trade Truce Hopes Weaken Dollar

The US dollar remains under pressure following Fed Chair Powell's dovish speech signaling no opposition to October rate cuts and a potential end to quantitative tightening.

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The US dollar remains under pressure following Fed Chair Powell's dovish speech signaling no opposition to October rate cuts and a potential end to quantitative tightening, while optimism from France's stabilizing politics has bolstered the euro, adding to dollar downside.

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