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The U.S. Dollar is trading in tight ranges as markets await key labor market data, including JOLTS Job Openings and Factory Orders, which could influence the Federal Reserve’s next moves. Speculation around inflation has increased the likelihood of a 25 basis-point rate cut at the September 17th meeting to over 90 percent. Meanwhile, the Euro is slightly up due to better-than-expected PMI and inflation data, with upcoming Retail Sales and GDP revisions in focus. The Mexican Peso is gaining strength following improved Consumer Confidence, with Thursday’s investment and consumption data potentially driving further momentum. Stay tuned for more updates throughout the week.
