Reported 8 months ago
The US dollar strengthened as soft retail sales data signaled possible Federal Reserve rate cuts, while sterling dipped ahead of UK inflation data. The euro remained lower due to political concerns in France. Markets anticipate a 67% chance of a rate cut by the Fed in September. The Australian dollar performed well following a hawkish RBA stance, while the yen remained stable. BOJ discussions on policy changes had little immediate market impact, with a gradual approach expected for future moves.
Source: YAHOO