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The US dollar declined today, marking its worst daily performance since the end of April, after U.S. employment data came in weaker than expected. This dampened expectations of a rate hike by the Federal Reserve. The data showed an increase of 57,000 jobs in June, below the forecast of 114,000, leading the dollar index to fall by 0.5% to 100.86 points. The continued strength of the labor market and easing inflationary pressures have given the Fed room to keep interest rates unchanged at its upcoming meeting.
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