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Fed hints at cut but dollar unbruised, pound slips ahead of BoE

Fed hints at cut but dollar unbruised, pound slips ahead of BoE

Global Market Insights - Forex, Futures, Stocks

August 1, 20243m 49s

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Fed’s Powell opens the door to a September rate cut, stocks rebound. But
dollar only tumbles against the yen, which surges after BoJ hike. BoE rate
cut bets intensity ahead of decision, pressuring sterling. Oil comes back to
life as ME conflict takes another dangerous turn.

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