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The dollar weakens ahead of Thanksgiving amid expectations of Federal Reserve rate cuts in 2026, while EURUSD and GBPUSD rise due to hawkish central bank shifts and improved economic data.
Dollar gains on optimism over US-China trade deal; Fed likely to cut rates soon; pound weakens on BoE rate cut bets; Aussie dollar rises after inflation slows expected RBA easing.
US-China trade deal optimism supports dollar rebound amid Fed rate cut expectations, with Australian inflation data reducing odds of RBA easing, pressuring EURUSD and GBPUSD.