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Dollar drops amid inflation and oil decline

Dollar drops amid inflation and oil decline

The US dollar declined by 0.32% to reach 101.10 points, driven by a decrease in expectations of interest rate hikes, despite posting strong weekly and monthly gains. Meanwhile, European currencies such as the euro and the British pound continued to rise. The Japanese yen also strengthened due to inflation data from Tokyo, although it remains near its lowest level since 1986.

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