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US Dollar Index news for August 1, 2026

The US Dollar Index initially bounced off its lowest level since June 17, recovering above 100.00, but then extended its sell-off following weak US growth data and suspected Japanese intervention in the Yen, which weighed on the dollar and lifted gold. A double top breakdown in the index also points to potential downside pressure, though the immediate driver remains the interplay of US economic data and intervention-related flows.

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