Dollar nears 3.5-year low as markets bet on US rate cut



Dollar nears 3.5-year low against euro and sterling as traders price in deeper US rate cuts.
Fed uncertainty rises with talk of an earlier Trump pick to replace Powell, adding dovish pressure.
Tariff deadline looms as markets await trade deals before Trump’s July 9 “reciprocal” tariffs.
Aussie, Taiwan currencies gain, riding dollar weakness; focus shifts to US core PCE data Friday.

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