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The U.S. Dollar’s has declined amid ongoing U.S.-China trade negotiations and inflation concerns. July’s CPI data showed a 0.2 percent monthly increase and 3.1 percent annual growth, highlighting stagflation risks. Markets now see a 96 percent chance of a Fed rate cut in September. The Euro is slightly up despite weak economic sentiment, with Euro-zone Q2 GDP revisions due Thursday. Meanwhile, the British Pound is at its strongest since mid-July, supported by robust labor and wage data, with U.K. Q2 GDP figures also expected Thursday.
