US dollar dips amid policy uncertainty
The US dollar declined today against the euro and the British pound, despite an increase in US inflation figures during the week, due to the lack of clear signals regarding the Federal Reserve's monetary policy direction. The dollar fell by 0.31 percent against the euro, reaching $1.1225, and by 0.46 percent against the pound, reaching $1.3336. Although some Federal Reserve members called for raising interest rates, the absence of clear statements from the Federal Reserve chair was interpreted by the market as an indication that a rate hike is unlikely in October, with expectations that tightening may occur in December.
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