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The U.S. Dollar starts September strong, erasing last week’s losses, as markets anticipate a 25 basis point Fed rate cut with over 89 percent certainty. Key data this week, including Manufacturing PMI, JOLTS Job Openings, and Non-Farm Payrolls, will shape market sentiment ahead of the Fed’s September 17th meeting. The Euro weakens as inflation accelerates and long-term yields hit multi-year highs, while the British Pound drops 1.3 percent amid surging yields and expected tax hikes. Both currencies face economic challenges, with upcoming data providing further clarity.
