š Here are the most notable developments:
ā¢ US Federal Reserve member Kashkari declares that there will be only one rate cut this year and it will happen in December.
ā¢ Kashkari also stated that the Fed has a lot of time before making any decision regarding monetary policy and that everything will depend on economic data, especially employment and inflation data.
ā¢ These statements give the US dollar more support against currencies and metals.
š The European Central Bank had previously reduced interest rates, while the US Central Bank kept them high, and this gives the dollar strength against the euro.
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