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Dollar index extends second month downtrend
The dollar index declined by 0.11% to reach 99.53 points, amid expectations of a subsequent rate hike by the US Federal Reserve in September following strong statements from the Fed Chair. European currencies advanced: the euro rose to 1.1597 dollars, and the British pound increased to 1.3543 dollars, while Treasury bond yields remain near their highest levels. Investors are closely monitoring the G20 meeting's discussions on monetary policy, with attention also on the potential official intervention by Japan due to the yen's decline.
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