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Dollar Slips as Softer U.S. PPI Cuts September Fed Hike Bets

Dollar Slips as Softer U.S. PPI Cuts September Fed Hike Bets

The dollar index fell 0.1% to 99.94 after softer-than-expected July PPI reduced expectations for a September Fed rate hike, with markets pricing a 66% chance of rates holding. Treasury yields also declined, weighing on USD. Traders should watch upcoming U.S. labor and inflation data for the next dollar catalyst.