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The U.S. Dollar weakened as expectations for a Federal Reserve rate cut next month hit one hundred percent, boosting equities like the S&P 500, which closed at a record high. Treasury yields fell amid growth concerns, while comments from Treasury Secretary Scott Bessent and potential changes in labor data reporting added uncertainty. The Euro reached a three-week high as the euro-zone faces potential renewed stimulus, and the Mexican Peso strengthened on improved U.S.-Mexico relations and concerns over U.S. stagflation. Key upcoming data includes U.S. PPI, Retail Sales, and Consumer Sentiment later this week.
