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The unadjusted annual CPI rate for August in the U.S. recorded 2.9%, the highest since January. The seasonally adjusted monthly CPI rate for August recorded 0.4%, the highest since January. This news is bearish for the U.S. dollar.
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US initial jobless claims for the week ending September 6 recorded 263,000, surging to a nearly four-year high. Traders have fully priced in three Fed rate cuts by the end of 2025. This news is negative for the US dollar.
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US Commerce Secretary Lutnick: If India stops buying Russian oil, the US and India will reach a trade agreement. This news is bullish for crude oil.
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