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[MARKET UPDATE] Dollar tumbles as Trump doesn't think the Dollar declined too much, it is "doing great", and not concerned with its decline; USD/JPY fell from 152.80 to 152.10, EUR/USD rose from 1.1970 to 1.2080, Cable lifted from 1.3775 to 1.3870

The dollar's decline comes amid Trump's assertions that he is unconcerned with its value, which contrasts with typical market sensitivity to currency strength.

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[MARKET UPDATE] Dollar tumbles as Trump doesn't think the Dollar declined too much, it is "doing great", and not concerned with its decline; USD/JPY fell from 152.80 to 152.10, EUR/USD rose from 1.1970 to 1.2080, Cable lifted from 1.3775 to 1.3870

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US President Trump says doesn't think the dollar declined too much; Dollar is doing great; value of the dollar is great; China and Japan always wanted to devalue the currency

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Context

This shift in perception has led to notable moves in major currency pairs, with the yen and euro gaining ground against the dollar. Investors may interpret this as a potential shift in U.S. monetary sentiment, which could impact interest rate expectations and broader market risk appetite.

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