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Dollar falls ahead of rate decisions
The US dollar remained at its lowest level in ten days after a preliminary agreement was signed between the United States and Iran to end tensions in the Middle East. The deal includes reopening the Strait of Hormuz and extending the ceasefire for sixty days. Investors are awaiting decisions from the central banks of Japan and Australia regarding interest rates, amid ongoing uncertainty about inflation and monetary policies. The euro reached $1.159, and the dollar index steadied at 99.66, while expectations continue to focus on the implications of supply chain and shipping resumption on inflation.
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