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Dollar falls on surprise drop in US retail sales

In July, US retail sales surprisingly took a dip, leading to a decline in the dollar's value. This drop enabled the euro and sterling to soar to their highest levels in months against the greenback.

  • U.S. dollar declines 0.25% to 99.67 amid weak retail sales data
  • July retail sales drop 0.6%, below expected 0.1% increase
  • Market anticipates only 31% chance of September interest rate hike

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