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Dollar weakens as traders pare Fed rate-hike bets: Markets Wrap
Aug 17, 2026
✦Business Line

Dollar weakens as traders pare Fed rate-hike bets: Markets Wrap

The dollar fell against most major peers as weak US economic data reduced bets on a Federal Reserve interest-rate hike. Retail sales fell in July by the most in over a year. Richard Franulovich said, "Regular Trump-Warsh dialogue and a murky Fed reaction function keep questions about the dollar alive."

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