Dollar retains gains on back of Powell’s speech; euro higher post ECB

Dollar retains gains on back of Powell’s speech; euro higher post ECB
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Dollar retains gains on back of Powell’s speech; euro higher post ECB
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GBP/USD rises 0.12% to 1.3289 as Dollar slumps on soft US labor data. July NFP print at 73K; prior months revised down 258K, triggering BLS chief firing. Markets price 76% chance of Fed rate cut in September. BoE expected to cut by 25 bps on August 7; 50 bps easing seen for 2025. The GBP/USD…
The Japanese yen emerged as the week’s top performer while the U.S. dollar suffered broad weakness amid mounting fiscal concerns and escalating tariff threats. Source link
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