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Dollar regained its footing in early US trade after much stronger-than-expected July PPI figures sharply reduced expectations for aggressive Fed easing. While a 25bps rate cut at the September FOMC meeting remains the market’s base case, the data has made a 50bps move far less likely. Importantly, this PPI print captures only July’s data—before the […]

The post Hot US PPI Lifts Dollar, Puts Brake on Big September Cut Calls appeared first on Action Forex.

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