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FOMC Preview: Dovish Hold Expected - July Cut Still Possible?
Today's soft initial unemployment claims figures underscore why traders are underestimating the risk of a summer rate cut from Fed Chair Jerome Powell and the FOMC. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the US Dollar Index (DXY).