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Reduced Fed Rate Cut Expectations Bolster the Dollar

Foreign Exchange & Fixed Income

Rich Asplund

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July 31, 2025

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Barchart

The dollar index (DXY00 ) on Thursday rose by +0.14% and posted a fresh 2-month high. The dollar found support from Thursday’s US economic news that showed a resilient labor market with sticky price pressures and labor costs, which are hawkish for Fed policy. The dollar also has carryover support...

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