💨 Abstract

The U.S. dollar remained flat against major currencies on Friday, as economic data supported the Federal Reserve's current monetary policy path, indicating a likely interest rate cut next month. producer prices were unchanged, consumer prices rose slightly, and weekly jobless claims increased, pointing to labor-market weakness. The euro, pound, and Japanese yen showed minimal changes. The dollar index was steady after a recent climb.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖