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Dollar rally stalls as traders await Fed rate decision, data
short by / on Wednesday, 30 July, 2025
The US dollar rally eased Wednesday after hitting a 7-week high of 99.14, with traders cautious ahead of the Fed's rate decision. The Dollar Index ended at 98.91, up 2.5% in four sessions. UUP ETF slipped 0.07%. A dovish Fed tone or hints of a September rate cut could pressure the greenback. Dollar strength faded vs major currencies.
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