Dollar rebounds but may lose monthend
The article highlights the performance of the US dollar during July, as it partially recovered after a decline but is on track for a monthly decrease of about 1%, due to weaker-than-expected inflation data and unclear interest rate signals from the Federal Reserve. It also explains that the euro achieved monthly gains amid rising inflation in the Eurozone and expectations of interest rate hikes, while the Japanese yen recorded an excellent performance of 1.6% in June, amid gradual hints of normalization in Japan's monetary policy.
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