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The US dollar remained stable after falling to its lowest level in a month, as expectations for interest rate hikes significantly decreased due to a decline in inflation data in the United States, including the largest drop in producer prices in 14 months. Meanwhile, the euro and British pound maintained their lofty levels, while the Australian and New Zealand dollars declined, and the Japanese yen remained steady. Rising tensions in the Middle East and soaring oil prices supported the US currency, with Brent crude nearing its highest point in a month at $85 per barrel, amid expectations of continued monetary policy tightening by the South Korean central bank.
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