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Dollar drops after Iran stops attacks
The dollar retreated from its highest levels after Iran announced it would halt its attacks on Israel, prompting investors to shift to other currencies such as the euro and the British pound. The euro rose to $1.1533, and the pound reached $1.3390, while the market remains concerned about the 40% chance of a U.S. interest rate hike by October. Additionally, the European Central Bank is expected to raise interest rates this week, as investors await the impact of upcoming economic data and geopolitical developments on the markets.
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