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The U.S. Dollar is holding steady as markets recover from last week’s poor economic data, which increased the likelihood of a Federal Reserve rate cut in September to 90 percent. Futures markets are responding positively, while key vacancies at the Fed and labor statistics offices are set to be filled. The Euro continues to struggle after a tough July, with upcoming data offering potential recovery opportunities. Meanwhile, the Mexican Peso remains resilient, losing only 0.7 percent in July and appreciating 9 percent year-to-date, thanks to effective economic diplomacy. Key economic data this week will shape the outlook for all major currencies.
