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Dollar Hovers Near 2-Month Low as Traders Eye Key CPI Data

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The Story

News Summary

  • Dollar hovers near two-month low after weak U.S.
  • jobs data cut Fed rate-hike odds for September.
  • Yen dropped sharply as bearish bets were slashed.
  • Oil rose over 1.5% on Strait of Hormuz tensions ahead of key CPI data Wednesday.
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