Markets Anticipate Fed Rate Cut as Dollar Weakens
Euro and Pound Reach Year-Highs Amid Revised US Jobs Data and Fed Meeting Minutes
- Federal Reserve minutes reveal probable rate cut in September, boosting market optimism.
- The pound hits a one-year high against the dollar, driven by expectations of a US rate cut.
- Eurozone economic activity sees growth, partly fueled by the Paris Olympics.
- Ford shifts focus from EVs to hybrid models, adjusting to slower-than-expected EV adoption.
- Canadian rail union lockout threatens significant supply chain disruptions in North America.
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