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Source document· July 8, 2026
Dollar Erases Early Gains as Stocks Rebound from Early Sell-Off
View original at nasdaq.comDollar Erases Early Gains as Stocks Rebound from Early Sell-Off The dollar index (DXY00) fell by -0.05% on Wednesday. The dollar gave up an early advance on Wednesday and posted modest losses as stocks recovered from their worst levels, which reduced liquidity demand for the dollar…
What we drew from this source
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He can't rule out another ECB interest rate increase due to the recent setback with Iran.
60% confidenceThe ceasefire with Iran is over.
60% confidenceParticipants generally assessed that information received over the intermeeting period suggested that upside risks to price stability remained elevated while downside risks to achieving maximum employment had moderated a bit.
60% confidence
Data points we hold from this source
| Federal Reserve · rate hike probability | 31 percent |