TechFlow news, on June 25, according to Jinshi Data, the dollar edged higher after Federal Reserve Chair Powell maintained a cautious stance on rate cuts. During his testimony before Congress on Tuesday, Powell appeared to cool down expectations for a July rate cut, rejecting President Trump's call for lower interest rates. In a report, Pepperstone strategist Michael Brown said the Fed may not cut rates until December, with only a 25 basis point reduction expected this year.
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