The US dollar is set for its biggest monthly drop in a year as traders watch for economic cues. This week, there will be a postponed OPEC+ meeting, release of inflation measures, consumer prices data, rate decision from the Reserve Bank of New Zealand, and Chinese PMI data. The dollar index slipped, reflecting expectations that US rates may have peaked. The British pound rose against the weaker dollar, while the Australian dollar and kiwi also gained strength.
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