The Dollar Is Walking a Familiar Road
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The Fed is set to cut rates in September—a situation painfully reminiscent of last year. Back then, the central bank also cited labor market weakness and began a cycle of monetary easing. Deja vu? In reality, there are plenty of differences from 2024. These differences mean it's not safe to assume the Fed will act at the same speed—or that EUR/USD will follow the previous path.Job creation in the US over the summer has slowed to an average of only
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