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The US Dollar has shown mixed performance amidst month-end flows and profit-taking. The Federal Reserve held interest rates steady at 4.25 to 4.5 percent, with Chair Powell signaling a “higher for longer” rate path, boosting the Dollar. Economic data, including a slight rise in June’s PCE inflation and steady personal income, supports this outlook. Tomorrow’s Nonfarm Payrolls report is expected to show 104,000 new jobs, down from June’s 147,000. The Euro is rebounding after a tough week, aided by lower inflation in Germany and France, while the Japanese Yen weakens amid risk-on sentiment and upcoming tariff changes.
