Dollar Slips Further as Anticipation Mounts of Fed Interest Rate Cut

The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off.

The dollar index, measuring the currency against a basket of peers, fell 0.2% to 97.856, its lowest since July 28, extending its 0.5% drop on Tuesday.

U.S. consumer prices increased marginally in July, data showed on Tuesday, in line with forecasts and as the pass-through... 

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