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The dollar is near its highest level of the year against the euro and is set for its biggest monthly gain versus the single currency in 14 months. Sterling rose after revised UK Q2 growth data, while traders await the August PCE inflation reading.
The dollar was near a 2025 high versus the euro and on track for its biggest monthly gain in 14 months. Traders are watching upcoming US and European inflation data and Federal Reserve and ECB policy expectations.
ECB on course to raise rates again in September