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Dollar Declines as Powell Hints at September Rate Cut
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Interest RatesFinancial Markets
Updated 43 minutes ago

Dollar Declines as Powell Hints at September Rate Cut

The dollar has weakened following Federal Reserve Chair Jerome Powell's suggestion of a possible interest rate cut in September. This announcement has led to a surge in Wall Street, with stocks rising over 1% and increased investor confidence, as the move aims to support economic growth amid uncertainties.

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