Affected by U.S. policy uncertainty, the US dollar expands its decline."
Internet reports that the dollar fell to its lowest level since February 2022 due to uncertainty about U.S. trade and fiscal policies. The reciprocal tariffs suspended by U.S. President Trump will end on July 9. Meanwhile, the U.S. Senate is holding a marathon vote on Trump's tax and spending bill. Investors have become more cautious ahead of this week's release of key U.S. job market data. The data includes JOLTs job vacancy data due on Tuesday and the non-farm payrolls report on Thursday. Deutsche Bank analyst Volkmar Baur said in a report that data far below expectations will increase the possibility of the Federal Reserve cutting interest rates in July and could further weaken the dollar.
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