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المشهد العربي
The dollar stabilizes amid expectations of a slowdown in interest rate hikes
The US dollar index remained near its lowest level in a month after weaker-than-expected US inflation data, which boosted market expectations of a reduced likelihood of interest rate hikes by the Federal Reserve. The dollar index settled at 100.51 points, reflecting a decline of 0.8% over the past two sessions, with the odds of a rate increase dropping to 11% in July from around 45% at the start of the week. However, markets still anticipate a possible hike by September.
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